Do you know what the highest paid job in the world is?
Not only can everyone apply, but everyone can do it…
The answer is: A Negotiator.
Now I’m not talking about the negotiator who gets the bad guy to release the roomful of hostages, this is so much easier than that.
I’ve just read something interesting I thought I’d share with you.
It’s the latest report on Residential Property Prospects - 2008 to 2011 from the leading economic forecaster BIS Shrapnel.
House prices are tipped to rise in this new financial year due partly to the fastest population growth Australia has experienced in decades. This increase in growth has even outweighed the effects of recent interest rate rises.
The report said our residential property markets would experience marginal growth in prices in 2008/09 as the population was expected to increase by 1.5 per cent, its highest level since the late 1980s.
I’ve just read a really exciting report from BIS Shrapnel (the leading economic forecaster) regarding the outlook on housing. Well as an investor it got me extremely excited…if you are not currently investing, you’d better get your skates on.
According to Shrapnel’s chief economist, house prices are expected to increase by up to 40% Australia wide during the next five years.
Now we currently have a situation where demand for housing is higher than the available supply. Affordability is also at an all time low with most investors already benefiting from booming rental prices as a result. (more…)
