Latest Gross and Net Rental Yields Vary; Wildly

We can spot the best and worst investment property returns across the nation, using updated data from our household surveys. The average GROSS rental return in Australia is 3.9%, the NET rental return (after interest costs, management and repair costs etc, but before tax) is 0.4%. The average net equity held in a investment property … Continue reading “Latest Gross and Net Rental Yields Vary; Wildly”

Directors of Storm Financial found to have breached their director duties

ASIC says the Federal Court has found that the directors of Storm Financial, Emmanuel and Julie Cassimatis, breached their duties as directors.  The Court also found that Storm Financial provided inappropriate advice to certain investors. Since around 1994, Storm Financial operated a system created by the Cassimatises, in which what ASIC considered to be “one-size-fits-all” investment … Continue reading “Directors of Storm Financial found to have breached their director duties”

NZ Property Investors Highly Geared – RBNZ

In the May Stability Report the RBNZ have drilled into the Investment Property sector. They say they will be publishing more detailed data, but the current article makes interesting reading. Housing investors have consistently accounted for over one-third of property purchase transactions over the past decade, with the share rising slightly following the introduction of … Continue reading “NZ Property Investors Highly Geared – RBNZ”

ECB’s QE Unlikely to Kick-Start Bank Loan Growth – Fitch

The ECB’s quantitative easing programme is unlikely to materially boost eurozone banks’ earnings or kick-start lending in the bloc, Fitch Ratings says. But it does reduce downside risk from prolonged deflation. Any positive impact on banks is likely to be temporary unless their balance sheets are freed up for more lending or structural reforms raise … Continue reading “ECB’s QE Unlikely to Kick-Start Bank Loan Growth – Fitch”