In the news this week, the hottest topic is negative gearing, and the ABC recently conducted some surveying to gather Aussie’s opinions. Here are the results.
What Vote Compass tells us about voters’ views on negative gearing
A property investor who retired at 33 reveals his tips (end of the article) that even relate in this market: Aussie property investor reveals how he ‘retired’ at 33
A piece from SMH tells us: The housing market is not the economy
“…the property market is not the economy, and what’s going on in housing is probably not always as economically important as you might think.”
Do you agree? According to the article, it’s wages that matter more.
“In all likelihood, what happens to wages will therefore be more important for the economy than the housing market.”
So property is not a huge factor on the economy, but according to news.com.au, rents can tell us about what might be happening in property, and it does not look good for Sydney: What the rental market tells us about property prices. From the article:
“Overall, the income Australian landlords are getting from rental properties is growing more slowly. Advertised rents are getting more expensive in Melbourne, but cheaper in Sydney.
Understanding the strength of the rental market is important for seeing the future of the housing market.
Sydney, Melbourne and Brisbane are all set to have a large number of apartments released onto the market in the next few years.”
In other news:
These 10 forces are changing the face of residential housing
Auction Clearance Rates Hold Above 50% As Activity Surges In The Lead Up To Easter
Concern as property developers treble commissions for agents
