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The property market rebounded in the past year with house sales up by almost third across the nation, a leading analyst says.

The number of houses sold across Australia was 130,000 in the June quarter, up 32 per cent from the corresponding period in 2008, RP Data said on Thursday.

RP Data national research director Tim Lawless said Perth had the greatest growth in sales of all capital cities in the past year.

Sales in the June quarter last year were nearly 70 per cent below the five-year average.

“The future is looking brighter for Perth with the resources sector once again picking up and a modest degree of capital growth returning to the market,” Mr Lawless said.

Sydney, Australia’s largest city had the second biggest rise with sales up 38 per cent on a year before. Sales of houses in Brisbane were up 35 per cent, Hobart sales were 34 per cent higher, Darwin had an increase of 32 per cent and Melbourne was up 30 per cent, RP Data said.

Adelaide sales were subdued, up nine per cent. However, house sales in 2008 were significantly below the 2001 to 2003 period during the property boom.

The real estate market hit a trough in sales during the September quarter in 2008 before stimuli from the Reserve Bank of Australia and the federal government arrested the slide.

“Because of historically low interest rates, a first home buyer stimulus package and improving economic figures, buyers have been given renewed confidence in market conditions,” RP Data said.

Mr Lawless said home sales were likely to increase during the September quarter before declining during the holiday season.

“Sales volumes are likely to stabilise around historical averages during the first half of 2010 as interest rate rises dampen demand and the level of government stimulus winds down,” he said.

Supplied by AAP

WOW…!-GOLD IS GOOD-BUY NOW

SILVER IS ALSO A GREAT OPTION

It’s advisable  to get some gold. Perhaps you’re probably wondering if it’s too late and that’s really what I’m talking about. Longer term, government counterfeiting is set to destroy paper currencies so I think it’s dangerous to not at least have some gold set aside  even at the current price.

But if you’re worried you’re missing out, you might want to consider gold’s little brother: silver…

Over the years, there’s been a ratio of gold to silver of 50.

That’s to say, if you divide the price of gold by the price of silver, you should get 50.

More than that, and silver is undervalued and vice versa.

Gold is about $1000 an ounce and silver about $16, so that makes the ratio 62, meaning silver is cheap in relation to gold.

This could well be the next commodity China wants to accumulate (and send the price soaring). Unlike gold, silver isn’t just a precious metal; it’s used in many industrial applications.

Even better, China is encouraging its citizens to buy silver (as it’s cheaper for them than gold) to defend against Washington’s counterfeiting.

The trouble with silver is that it’s quite impractical to store it

It would take 62 silver coins to equal just one gold coin currently. Another way to is play it through a silver fund like SLV and/or a silver royalty company like Silver Wheaton (SLW).

But all this is assuming Dow Theory works as it’s supposed to and this psychological rally continues regardless of all the ugly fundamentals.

We’re at an important crossroad in any case and money will be made and lost. Now is definitely not the time to be asleep at the wheel.

ADVICE–BUY GOLD & SILVER NOW

Published by Henry Sapiecha 15th Sept 2009

HOW CONVINCING ARE YOU WITH YOUR MESSAGE?

WORD ART ADVICE

Apparently, certain words that end with “ly” can be sneakily used in your copy to slowly and hypnotically influence your readers.

Obviously, these words easily slip into their minds
under their radar and you can clearly see how these
words work powerfully as persuasion weapons.

Quite evidently, I’ve already led by example in using
words like these already earlier…

* obviously * clearly * Slowly * apparently *
certainly * easily * powerfully * evidently * Insantly

Spot them?

AN HYPNOTIC EFFECT ON THE SUBCONCIOUS

Then next time you write copy, try sprinkling your
copy with a liberal dose of words that end with “ly”.

I think you might easily wind up amazed at how much
more ‘hypnotic’ your copy instantly becomes.

Hope you found this quick tip useful.

Sourced and published by Henry Sapiecha 8th Sept 2009

Growing your portfolio
Question:

How do you get more finance to purchase more properties when in
our situation? We owe $58,000 on our home, which is valued at
$450,000, and we have a positively geared investment property ($70per week) valued at $150,000. Our newest investment property is valued at $265,000, and it is neutrally geared.

I’d like to know how we could get more properties under our belt?

We are both work full-time and have a great finance track record.

Regards – Karen

Answer:
Karen, it sounds like you are in the perfect position to continue
investing. You are both working full time and you have equity up
your sleeve, so you are ideally positioned to take advantage of the
current real estate market.
You have plenty of flexibility in terms of your LVR, and you have so
much equity in your own home. In terms of finance, there are many
options available to you, such as borrowing against the equity in your own home, or taking out a line of credit. The right finance solution for you depends on the leverage you have against your investment properties, your combined income, and the direction you want to take in terms of actual loan products.

I would recommend that you speak to an experienced finance broker
who specialises in dealing with investors, and ask them to set you up
with a five or ten year plan.

Published by Henry Sapiecha 27th August 2009