The Wakelin Blog
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Monique Sasson Wakelin was a guest of Hilary Harper's Saturday 12 November 2011 Breakfast Show to discuss buying strategies in the current soft market. You can hear a recording of the show and read some of the tips here . Image: Pixomar
Asset Returns: Past, Present and Future is another fascinating report from the economics team at the ANZ. It reviews comparative after-tax and after-cost returns for the main asset classes over the last 24 years, and provides some predictions for the future. The main finding is that residential property was the standout asset over the last 24 years, outstripping shares, government bonds, commercial property and term deposits...
Saturday saw the release of the REIV’s median price data for the September 2011 quarter. The 2.8 per cent drop in the quarterly median price for houses in Melbourne confirms the trend that prices have been slowly softening since around May 2010. As is often the way, it has taken sellers that long to ‘meet the market’. In its release the REIV suggests that outer suburbs are performing better than inner suburbs...
Last night, Richard Wakelin was interviewed by Channel Seven News about the state of the Melbourne property market. See here (after short broadcaster's advert) for story, which includes his tips about where to buy and where to avoid. (Like this post? Click here to have future blog postings sent directly to your email)
We witnessed a fascinating, but ultimately frustrating panel discussion this afternoon at the Property Council-hosted Growth Summit Business Lunch , in Melbourne. Fascinating as the panel, broadcasters Virginia Trioli and Waleed Aly and writer Sophie Cunningham, provided an excellent discourse on the obstacles a rapidly growing Melbourne must surmount if we're to maintain our much-touted liveability status...
