Sams Weekly Reading List for the week of September 16 through September 20th

September 20, 2013 Sam Saggers

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As smart property investors, it’s important to keep on top of events and changes that can have an impact on our property investments. There are so many analyses; opinions and articles about investing in property out there and it can be tough trying to keep up with what’s happening in property.

I’d like to take a moment to share some of the more interesting articles I’ve come across this week.

Money can’t buy happiness, but being happy pays

Finally, now that you’ve discovered how to be happy, find out how to make your newfound happiness pay!
Satya Paul, University of Western Sydney professor and author of a study designed to understand the financial benefits of being happy has found that,

“…happy people are more active, more productive and get less upset by [their] work.”

This factor translates into a better financial return because happier people are more productive at work, leading to better pay.

To find out more reasons it pays to be positive click here.

Housing bubble talk unrealistically alarmist: RBA

If you’ve been finding yourself worried or concerned about the Australian property market developing a “bubble”, check out what the experts are saying. The Reserve Bank claims talks of a property bubble forming are “unrealistically alarmist”!

RBA assistant governor Malcolm Edey notes that while there is an increasing demand for housing, it’s important to view the trend in light of current circumstances.
“Looking back over the last 10 years or so, house prices have risen at a rate equivalent to or on average less than the growth of household incomes,” said Dr Edey.
Acknowledging that although in some cycles prices have outpaced incomes, Edey believes that the trend is not synonymous with a “bubble”.
“We’re in one of the higher than average periods at the moment,” notes Edey, “but we shouldn’t be rushing to reach for the bubble terminology every time the rate of increase in house prices is higher than average, because by definition that’s 50 per cent of the time. You’re just going to be unrealistically alarmist by making that call every time that happens.

“This is a low rate environment and one of the effects it that it stimulates demand and housing. We are seeing that influence in the housing sector and that’s not surprising because its an interest rate sensitive sector,” he said.

Click here to read more of this very interesting article.

Have a great weekend, and if you enjoyed this list, please share it with your friends by clicking a social link button to the left of this article.

If you’ve still got time, drop by Smart Property Investors and discover what I believe is a top metro market!

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