Archive for June, 2011
Thank you to all of those that joined us at our Gold Coast Training Breakfast! It was a fantastic morning of networking, learning, food & fun. We look forward to our Sydney breakfast this Monday with those of you who have registered.
This will be a fantastic opportunity to meet like minded people and network with other people who are passionate about property like you.
We had some great feedback that everyone had fun during the team challenges, where teams had the opportunity to examine a real life property scenario.
Are you frustrated with not reaching your property goals? Is it because you can’t find property deals that work? Or you just don’t know what to do with your existing properties?
Well, the answer is being focused on your goals and putting systems and tactics in place that will help you find the deals that work.
And here’s the good news!
Harry is serious about helping you find successful transactions for property investors who are focussed on their end goal, whether it’s replacing their job with property income or to make a million bucks in a hurry.
Harry Charalambous will be hosting this Training Breakfast in Sydney on Monday 20th June. Come along to breakfast with Harry where he will discuss tactics and how to create winning strategies in property.
Discover the successful way many investors use to stay on track and win the property game.
Forecasts that Australian property prices could fall by as much as 40 per cent over the next decade have been rubbished by leading industry analysts.
Earlier this week, Professor Steve Keen told The Adviser that Australian properties could suffer a price slump similar to Japan.
“I have always said we will see property prices fall by 40 per cent over the next 10 to 15 years. In fact, I wouldn’t be surprised to see property prices fall by as much as 20 per cent in the next five years.”
But Mr Keen’s comments have been branded “sensationalist” by leading analysts.
“I don’t know what research he has done to back that up, but it sounds rather sensationalist. I wouldn’t expect to see a 40 per cent fall in property prices when we have a growing population and not enough houses to cope for the demand,” RFI’s director Alan Shields told The Adviser.
“I would be surprised to see house prices depreciate by 10 per cent let alone 40 per cent over that time period.”
Mr Shields comments were echoed by both AMP chief economist Shane Oliver and HIA chief economist Harley Dale.
Both Mr Dale and Mr Oliver agreed that Australia could be in for a period of softening house prices, but did not expect to see any significant depreciation.
“House prices will continue to rise, if only ever so slightly,” Mr Dale said.
(Source: Jessica Darnbrough)
The Australian housing market has a bright future, and Gen Ys will be the ones to lead it there, a social demographer has claimed.
In spite of growing pessimism surrounding the economy, KPMG partner Bernard Salt has told Australian BrokerNews he expects economic conditions to pick up within the next few years. Salt claimed much of the economic pessimism in the housing market is merely reverberations from the GFC.
“We are in the shadow of the GFC at the moment. When you’re in the shadow, it’s cold and bleak and you can’t see beyond the darkness. By 2012, 2013 or 2014 we will have left it behind. You can’t be moping around after a recession forever,” Salt commented.
Salt believes Gen Y buyers will be responsible for reinvigorating the housing market in the coming years. He said Gen Ys are not affected by post-GFC malaise that has seen many consumers tighten their belts and retreat from the housing market.
“I don’t think Gen Y were really particularly affected by the GFC. They weren’t married, they don’t have a mortgage, they don’t have kids. There’s sort of a brash optimism. It will be they who move us forward,” he said.
Though first home buyer participation has fallen to 15.8% of all housing finance, Salt believes Gen Ys will soon begin to enter the housing market in earnest. He commented that Gen Ys will stimulate first home buyer activity as both their optimism and the necessity to “grow up” pushes them into property ownership.
“They have to move into household form pretty quick-smart,” he said. “They can’t hang around and pretend to be the people from Friends forever. Ultimately, the practicalities of life force you to do that. You can’t be footloose and fancy-free at 33. You can do that at 23, but you can’t do that at 33.”
(Source: By Adam Smith 10/06/2011 )