New populaton figures for Australia.

Dear Readers,

Enclose my summary of the latest “Intergenerational Report” . This carefully considered Government study tries to predict the future for Australia with a particular emphasis on the population trends. The prior report projected Australia’s population to rise from 23 Million to 35 Million  by 2050 : The latest updates this to 43 Million by 2050 , a dramatic up grading. GO Figger!!!

New data re House building starts

Hi Readers,
Enclose article from the Residential Developer Magazine. From ANZ Economics. “Australia’s population grew at its fastest rate for 35 years in 2008. This is on top of the well above average rates of growth recorded in since 2005. Such growth has carried with it an undeniable increase in demand for housing.ANZ reckons about 190,000 dwellings are needed to accommodate this year’s population. The number of dwellings actually being built has fallen consecutively since 2005 and is expected at 120,000 dwellings in 2009/20010: the lowest level since 1988″

.WHY?
TJ says

1 Building costs are inflating.
2 Rising state based taxes developmental levies are to DOUBLE next year.That’s from close to $7,000 a block to $14,000 a block
3 Tighter  banking lending criteria.
4 Slow council development approvals.
5 Fear factors, fear of underemployment, fear of a lack of buyers, fear of GFC
Cheers Blog writer

Singapore update

Hi Readers,
Writing from Singapore , today. No capital gains tax here. Good access to homeloans for married people, mean as people get married young, buy an apartment and have a stake in the  country.

It has worked wonders, so far.

Singapore Side note

Hi Readers,
Can advise side tour of Singapore , Where one can buy jointly with your wife using the future equity in your Superannuation as the initial security for the property mortgage. There is no sales tax, GST or capital gains taxes.

Japan tour

Hi Readers , Can advise in Japan. Where a nice three Bedroom flat costs $2m. One signs that your first born son, his First born son and his First born son, will meet the 100 year mortgage.