Capital City Dwelling Values Continue To Increase

How much are you missing out on by not investing?

Capital city dwelling values increase by 1.0% in September to be 2.9% higher over the quarter.

Capital city dwelling values continued to show a strong headline rate of growth over the September quarter, with the CoreLogic Hedonic Home Value Index rising 2.9% over the past three months. The combined capital city index, which is heavily weighted towards the Sydney and Melbourne markets, recorded a 1.0% month-on-month gain, taking capital city dwelling values 41.3% higher since the growth cycle commenced in June 2012.

Pension poverty: your reward for 25 years of economic growth

As much as Australia has had prosperous decades and economic conditions, what is your plan for retirement?

Pension poverty. That's apparently what to expect if you're about to retire on the age pension after doing your bit to provide Australia with 25 years of unbroken economic growth.

Almost one third of Australians on the age pension are living in poverty. That's the finding of a new study funded by the Benevolent Society and others into the 'adequacy', if that's the right word, of the age pension.

The base rate of the age pension is $794 a fortnight; the poverty line is $851.

As the Australian Council of Social Service observes, "low-income families will still be hurt by the loss of the energy supplement from family payments. A single-parent family with two teenage children will lose $284 a year, or $5.50 a week". The march towards age-pension poverty often starts young, in entrenched patterns of poverty.

With Interest Rates at the lowest for our generation, the signs are positive for future prosperity, for those who invest successfully in property!

What are you missing out on by not investing??

Are Property Club members more successful than the rest . . . yes!!

Have a great weekend and catch you next week!

Warm Regards,

Troy Gunasekera