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Mike and I were in London when the G20 Summit was on and boy what a mess!!
We couldn’t help wonder why on earth Gordon Brown chose the city for this
Event. People were whipped into a right frenzy about the whole thing.
We have seen first hand the unrest in that country the past 5 years with so many dissatisfied people migrating by the hundreds of thousands each year. Things are even worse now with the recession and people just feel they need to vent their anger and frustration.
This was the perfect opportunity. In the main most protestors were not intending to Cause trouble but as will always happen when groups get together to show their concerns there will be the renegades and ones that are Out to cause trouble.
We watched the events with interest and couldn’t help thinking that some of these leaders just don’t use common sense. There are so many other places that this event could have been held but it seemed Mr Brown wanted to “show off” to the world.
He could have done that without putting so many lives at risk and causing so much Havoc for people living and working in the area.
We watched a television show with our Own Prime Minister, Kevin Rudd, being interviewed and he handled this argumentative interviewer very well but did he get the message over that Australia was not as badly affected as the rest of the western world?? We doubted that he did.
During the G20 the Independent Newspaper printed a fact sheet on the various countries attending the summit. It provided very interesting reading and it is summarised in the figures below.
You will note that of the larger economies in the world Australia is forecasting the lowest deficit in 2010 and they currently have the highest GDP per head of Population.
In general, although there has been a rise in unemployment, the mood in the country is still far more positive than in other countries. The Rudd Governments increase in the first home owner’s scheme coupled with the current low interest rates has led to a resurgence in home building across the country. In South East Queensland there are now definite signs of stock shortages in the lower to mid price brackets which will only flow through to the higher price bracket in the mid term.
So with lowest interest rates for the last 30 years, with a shortage of good properties for sale in some areas, now is the time to get aboard the gravy train and not wait until things “change for the better”. As inflation increases, and it will, then so will interest rates start to rise.
This is always going to be a fact of life and so it makes no sense to wait until the “right time”
To buy when timing is never going to be better.
Country Population Deficit Forecast 2010 GDP per head of pop
Country |
Population |
Deficit Forecast 2010 |
GDP per head of pop |
|
|||
USA |
308 mill |
8.9% GDP |
$47,335 |
CHINA |
1.33 bill |
3.6% GDP |
$3,577 |
JAPAN |
128 mill |
8.3% GDP |
$37,644 |
INDIA |
1.2 bill |
8.6%GDP |
$1,122 |
UK |
61 mill |
11.0%GDP |
$44,720 |
EU |
499 mill |
6.9% GDP |
$30,645 |
RUSSIA |
141 mill |
5.1%GDP |
$14,688 |
SOUTH AFRICA |
49 mill |
3.4%GDP |
$6,648 |
AUSTRALIA |
22 mill |
2.8% GDP |
$50,053 |
SUMMARY
EXTRACT FROM HOMEBUYER GROUP
12TH May 2009 - Australia Overview
With one of the highest standards of living in the world, Australia offers a superb climate, a unique and beautiful environment, and quality social and cultural infrastructure.
Five of Australia's mainland capital cities including Melbourne, Brisbane and Sydney have been ranked in the top eleven livable cities in the world. Source: *Economist Intelligence Unit
The Australian Government actively encourages and supports foreign investment in its booming luxury property market. Plus the taxation system is reliable and friendly for property investors based abroad.
Australia is enjoying one of its most successful economic periods and the property market has benefits greatly from this. With a steady growth in GPD, traditional interest rates and its lowest unemployment rate for decades, the safe investment environment is expected to continue.
Australia has been one of the most consistent property markets over the past 30 years, providing secure returns in excess of 7% per annum over this period. The Australian property market has also experienced fewer years of decline than almost any other international
Property market.
The Australian property regulatory system is one of the most transparent and efficient in the world, giving investors certainty about the security of their operations.
For international property investors, Australia offers fantastic opportunities and unmatched security.
FOR FURTHER INFORMATION CONTACT JENESE MALONE Ph: 082 8668897
Please feel free to contact me on email: Jenese Malone
See detailed article on house shortages in Australia here...
Do yourself a favor BE CAREFUL WHO YOU LISTEN TO!!!!
