YIP article 1
Statement by Glenn Stevens, Governor: Monetary Policy Decision.Growth in the global economy continued at a moderate pace in 2014. A similar performance is expected by most observers in 2015, with the US economy continuing to strengthen, even as China’s growth slows a little from last year’s outcome.
I found this article interesting. For 2 reasons. One is foreign investment, and how mis guided the Australian Government are in handling the situation. Secondly, it reminds us the importance of allowing greater immigration into Australia.
It seems likely that rates will be eased again in April/May.Westpac, whilst I am not a fan of their culture and would never want to work for them, they admittedly have had the best track record for accurately predicting interest rate movements. Their predictions are based on their interpretation of what the RBA’s commentary on rates and analysis of economic trends.
Just under a year ago my book Property Investing Made Simple, was entered into the 2015 International Book Awards. Why not I thought, it was a bit of fun.
This week, I have come across this article which may be of assistance in guiding people within Australia to better growth. Of course, it is best to avoid acting on media hype and property sales companies information.
Existing laws in Australia prohibit foreigners buying property without Government approval. all foreigners require prior approval to purchase residential real estate, and only temporary residents are permitted to acquire existing properties.