Land valuations of flood-affected Queensland properties have plummeted, exposing thousands of victims to mortgages greater than the worth of their homes.
Monthly Archive for April, 2011
The dollar sank further Wednesday and gold and silver prices surged as Federal Reserve Chairman Ben S. Bernanke signaled the Fed was in no hurry to tighten credit.
As an individual you will have no control over inflation; however you will be greatly affected by it, more often adversely. Inflation is what many call the silent tax on tax payers as petrol prices, food prices and also the cost of everyday living continues to rise.
Those who are keen to get on the first rung of the property ownership ladder but don’t have the deposit and/or income behind them to do it on their own might consider “buying in partnership”.
While the opening quarter of last year’s property market was the strongest in seven years, the start of 2011 is one of the weakest in a decade.
Gold futures rose to a record $1,500.50 an ounce as U.S. debt concerns weighed on the dollar, boosting demand for the precious metal as an alternative investment. Silver surged to a 1980 high.
There are a lot of negative headlines lately on the economy and the outlook for Australian property. Just this week I have read headlines such as ‘Melbourne Property Bubble Finally Bursts’, ‘Brisbane Property Market in Free Fall’, ‘Land Sales Slide To Lowest In Decade’ and ‘Households Struggling To Keep On Top Of Their Bills.
DISASTERS in Japan and Queensland have not changed the medium-term economic and inflationary outlook for Australia, the central bank says.
The HIA-RP Data Residential Land Report found the volume of land sales fell sharply in the December 2010 quarter, with sales down by 40.4 per cent compared to the same quarter in 2009.