Where are the big money investors spending?on easy home renovating

February 2, 2010 by Tim  
Filed under property market, Renovating, tips

Rather than worry constantly, about rising interest rates, government taxes, foreign wars or the price of gold.What can we see ahead for the prospects of profitable renovating? What can make it easy for home renovating? What’s a man to do when the sharemarket is so volatile?

Here, I am noting that the corporate sector is making big investments. The Home Depot, model, Bunnings have public plans to spend billions, building 150 new Hardware stores.  Reading today, that Bunnings is worth $8.6 billion to Wesfarmers, at the moment. Metcash are taking over the Mitre10 stores, for millions of money. Woolworths are joint venturing with Lowes (USA Hardware stores) in order, to spend billions, building 200 new Masters hardware stores. Currently, there are 20 Masters under construction, with five stores open and another 15 to open within 12 months. Well, it looks like the big boys are spending up big, on hardware for the home, gardening and renovating sector!!! As they say on CSI , follow the money trail of evidence.
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Government Intergenerational Report effect on Investment homes

February 1, 2010 by Tim  
Filed under Finance, property market, Renovating

This is a policy recommendation report from the Australian Treasury Department, so their emphasis is on tax and government spending effects.
Today, the government publishes this report. It goes to the tax and spending needs, as the population ages. Critically, it will harbour on savings and health care needs. I expect there to be major new incentives announced to increase savings. Thus the recommended Super Guarantee Levy might be raised from current of 9 % , aiming for 15% overtime. Currently, Australians are perceived as better spenders than savers. This, I argue, is largely due to their historical view of inflation and taxation.  A careful analysis might reveal that Australians are saving plenty: but most of this is inputed into home stock. It has the best tax advantages.
While, most of us don”t save enough in superannuation. This is due to the preservation effects and perverse taxes which had superannuation benefits limited to a multiple of final salary.
Let hope, there are some very excellent ideas in this report. The critical  thing will be, what gets implemented, as distinct from what gets just recommended. I.G.R. projects health spending to rise trom 7.5% of GDP to 12.6 % by 2050, as the proportion of population ages, example the over 65 s to rise from 3 M to 8 M. Australia’s population is expected to rise from 22M to 36M over the next forty years.My view of the statisitics are we could have close to 50 M by 2050.
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