Now is the time.
A survey shows flat property prices and low interest rates have made now the right time to buy a home.
The survey found 77.9 per cent of respondents believed now was a good time to buy, with Australian households at their highest level of financial confidence since May 2011.
Read more: http://www.news.com.au/realestate/buying/housing-confidence-is-building-across-australia/story-fndban6l-1226501330714#ixzz2A4k8nCpd
Image source: http://www.news.com.au/realest…
MORE than three-quarters of Australians believe flat property prices and falling interest rates mean now is the time to buy a home, a survey shows.
Check the currency of any sales information you are using. Unless there has been high and recent turnover in the area of interest, you will be dealing with dated information, which may need to be adjusted for market movements
"AUSTRALIA'S residential property is worth more than $4 trillion and climbing, despite a setback in prices during the past year."
Real estate is not a month-to-month or quarter-to-quarter proposition. It is a long-term asset that must be reviewed annually
If you manage your own superannuation fund, there are a few new things that need to be reviewed. See the article and ensure that you are covered.
“Trustees of self-managed superannuation funds must review their investment strategies regularly, following a recent change to super regulations. Read more: http://www.smh.com.au/money/investing/investment-plan-requires-yearly-review-20121019-27wej.html#ixzz2A4dS7xTx ”
Have you done your insurance checklist for your superannuation plan yet?
After the budget handouts recently, fiscal tightening now needs to kick in at the federal level and may even intensify if the government seeks to retain its projected surplus for the current financial year. At the same time, various states are announcing budget cutbacks, including job cuts.
In order to offset these forces and ensure that non-mining demand strengthens sufficiently, interest rates will have to fall further.
Read the article in Smart Company by clicking on the link below.
“Interest rates are set to hit their lowest point in years as the RBA tries to engineer a soft landing from the mining crash.”
This may lead to further interest rate cuts, but don’t delay your investment decisions in the hope of this occurring.
Last night none of the big four banks had moved, despite the Reserve Bank delivering an early Christmas present for homeowners and retailers with a 25-point drop in the official cash rate to 3.25 per cent – its lowest level in three years.
The decision will see repayments on the average mortgage of $300,000 drop by almost $50 a month, if banks decide to pass on the cut.
The big banks will pocket more than $6 million in profit every day they fail to pass on the Reserve Bank’s 25-point rate cut to mortgage holders.
Read the actual statement made by RBA’s Glen Stevens on the interest rate cut.
“HERE is the full statement made by the Reserve Bank of Australia Governor Glenn Stevens about today’s interest rate cut. ”
Not everyone will be a winner if or when the banks eventually cut their interest rates. Retirees living off simple term deposits will be hardest hit.