Anecdotal evidence suggests that consumers are cutting back on their spending around Australia. And it’s likely that luxury items and overseas travel will be the most affected.
A recent article in The Age expounded “The Flight to Value” — where Australian Property Monitors reported a 24% drop in the median price for Toorak Homes, in the 6 months to September.
(more…)
There are a couple of questions on the minds of Commercial Property Investors at the moment.
And they go something like this.
(more…)
In several previous postings, you’ll recall that I have raised the issue of Australia’s current blowout in household debt.
A recent article in the weekend Financial Review (pages 26-27) highlighted the current state of affairs.
(more…)
Yesterday’s interest rate increase by The Reserve Bank carries with it some hardship for the outer residential suburbs around Australia.
Curbing inflation is clearly the RBA’s main aim. And from their additional comments yesterday, we now have confirmation that Australia is effectively seen as being shielded from the turmoil in the US.
(more…)
There has been much made of the poor US Retail Sales Data for December.
However, the figures were only down 0.4% on November. The most likely explanation being that some early Christmas shopping occurred November; and the increase in gift-card sales will not come through until early in 2008.
Clearly, the Sub-prime issues are having some effect. But, if you follow HS Dent at all — their view is that … “a short, mild recession is indeed likely, and we are arguably already in the middle of it.” (Update: Wednesday 16 January 2008).
(more…)
Well, here’s some good news on the next Property Workshop!
Following a barrage of emails from those of you who took off the week before Christmas … you will see that the early-bird registration has been extended until the end of January.
However, I suspect the “Full House” sign will be going up before then. Therefore, if you haven’t already reserved your seat … make your decision now — rather than miss out.
Looking forward to seeing you there.
Chris
I was just checking through the enrolments for the Workshop so far … and it seems that the interstate people are currently outnumbering those from Melbourne … by about 3:1
Last time, local and interstate enrolments were more or less balanced … so let’s try and even that up.
Make sure you enrol now, to secure your pre-Christmas discount.
What you’ll learn at the Workshop …
(more…)
Details are now up for you to read and enrol.
If you do come along … I promise it will completely transform the way you invest in Commercial property.
Last time … sadly, I had to turn a number of people away. However, those who did manage to secure a seat were truly stunned by some of the bold new ideas we covered — as part of the breakthrough 9-Step Formula.
Key issues like …
To capture these same insights and enhance your own investment success … why not find out more about this Property Workshop?
All year, people have been pestering me to know when it will be. Well, the date has now been set for Saturday 1 March.
Again, it will be held within the Melbourne CBD — to make it easy for those flying in from interstate and overseas.
The last full-day Workshop turned out to be far too crowded. So, this one will be limited to only 27 people!
And, therefore, it will be on a first-come-first-served basis!
(more…)
If you believe the financial markets, there is a 90% probability that the Reserve Bank of Australia will increase out the cash rate from 6.5 per cent to 6.75 per cent.
But unlike other Board Meetings, there has been a gap of about a fortnight between the releases of the CPI figures and when it actually does meet on 8 November. And much can happen over that period.
(more…)
