It looks the Yuletide cheer extended well into January this year, with shops enjoying the extended festive season as clients cut loose.
Information recently released disclosed shoppers parted with a record $18.6 billion in January. That could be a statistic high enough to raise the eyebrows of each economic gurus round the nation since it was well above expectancies.
It shows that 3 IR rises are no match for the juggernaut of a posse of happy spenders. Yet with lots of the spending no doubt on cards, and for items that depreciate instead of appreciate, maybe it will take another hit or two from the IR stick before we’ll change our behavior.
Last week things looked better for backers on the back of higher rental reports and lower vacancies. This week it is confirmation of the trend of interest rates heading upwards.
While property could be a awfully rewarding and successful investment, it is not without its risks. It is starting to become popular these days, particularly after the economic recession and market investing still being comparatively dangerous. Making a successful property investment portfolio will always need a good awareness of the property investment, the location, and the current economic climate, so you should usually find out as much as you can before purchasing a property.
With so much misunderstanding, ensure you have a plan that sounds right. I suggest you crutch your numbers with rates (at least) half a p.c higher than they are now to find out how great the deal looks if the lending environment changes for the worse.
On another note, well done to people who prepared a seat for the approaching Martin Ayles bus trip and vocational training camp. I’ll be seeing you in Adelaide in a couple of weeks for what is bound to be a clarifying and enjoyable event.
Ultimately – congrats to my wonderful better half who enjoyed a birthday last week!
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