Almost any Australian on minimum wage can afford property if it’s far enough away from major cities.
A return to house flipping! Housing data firm RealityTrac it has increased in 75% of markets across the United States in 2015.
Right. My turn. I’m going to weigh in on the shambles that is the Australian housing market
Australia, for one, does not yet have negative interest rates. And there’s plenty of development happening right here to keep the wider economy ticking along.
Anyone want to bet on sub-US$50/tonne iron ore prices this year? I do. What about the Aussie dollar going sub-US$0.70? I’ll take that too.
While companies like Brickworks and Reece continue to make new highs it suggests that people can afford real estate and the property cycle has some way to go.
You’d be surprised how often they come along. But even we didn’t expect to see the world’s tallest skyscraper to show up in the Iraqi desert.
James Hardie Industries Plc [ASX:JHX] moved up marginally today. The entire Aussie market did well for the day too, tracking Wall Street’s performance closely.
A new opportunity has opened up to Aussies interested in crowdfunded property. Popular US based platform Fundrise is now accepting Australian investors.
Corelogic RP Data has released its latest monthly rental stats. It’s good news for renters. But not so good for landlords.