Just look at this graph ! The Morrison Government first allowed people to withdraw up to $20,000 from their superannuation from April last year and that program ran for approximately nine-months. In that time, around 3.5 million people withdrew a cumulative $36 billion, with around 500,000 pretty much emptying their super accounts. According to figures from analytics firm AlphaBeta, in the two weeks following a superannuation withdrawal, 64 % of additional spending was on non-essentials, including clothing, furniture, takeaways, alcohol and……gambling
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Well here we are Victoria, in another lockdown, and this makes me wonder how things will pan out for the property market. Investing in real estate is tricky even at the best of times.  In their forecast , CBA has released a scenario of what the most likely scenario is in their forecasted upside. It is forecasting an enormous boom in asset prices: house price growth of 8 per cent this year and stock price growth of 12 per cent.
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To say I was surprised by this data is an understatement. Craig James, Chief Economist for CBA/Commsec put together a comprehensive “State of the States report”. Thank you to the team at Commsec. How are Australia’s states and territories performing? Each quarter, CommSec attempts to find out by analysing 8 key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. The data is then compared to the previous 10 year averages
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Happy Australia Day everyone ! Today is as good a day as any to share this infographic by Deloitte Access Economics on the Australia’s recovery forecast. What does this mean for property? It is becoming increasingly challenging to forecast anything with any accuracy given the enormous amount of stimulus and continued obsession the Australian government has for ensuring that the property market never fails. I will keep a keen eye on the trends for wage increases, unemployment, migration and population
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Happy New Year everyone! On reflection of our 2020, the team at Premium Property Profits wanted to share one of our biggest challenges investing in property and a frequent roadblock that we kept running into, especially in the post pandemic financial climate. If you are investing in property and looking for a development site, you might think that purchasing a property with plans and permits already endorsed and approved to develop on is an ideal solution. Makes sense at first.
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If you are like me and have ever googled “ how to real estate investing” orsomething similar , trust me you have your pick of so many gurus and experts out there. Some good, some great and quite a few “sharks” as I personally experienced. That is something you should be aware of as you enter on the google search of “how to real estate investing” and prepare to take your first step. This is my story and I hope
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How and where to invest money in today’s Covid-19 world is a question that gets asked a lot. Truth is that you can invest money in property in Australia seemingly through any situation because the government refuses to allow the construction industry to fail. So if the “where” is property in Australia, the “how” is very important. When you invest money in real estate, how do you measure your profit return to ensure you are not wasting time (and your
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The Problem with House and Land Packages You are looking at buying your own home because it’s the “Australian dream” and it will be one of if not the biggest asset you’ll ever own -right? Well not quite. Let me explain. To understand whether something is an “Asset” or not let’s revisit the definition of an asset. Below is the official definition from Investopedia: What is an Asset? An asset is a resource with economic value that an individual, corporation, or
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So how does property investing work and how do I make a profit? There are 3 main points when talking “profit”: The same property can have a number of different financial results 2. Profit is not the same as cash 3. Percentages can be skewed, so it is important to look at the dollar outcome and the percentage return to see the whole picture The questions to ask yourself before entering a real estate deal, whether it’s a simple renovation
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