As 2011 draws to a close, now is a great time to reflect on the past year and to appreciate that we really do live in the “lucky country”.
There really has never been a better time than now to be proud to be an Australian because:
1. We own our own homes. Australia is equal 12th on the list of home ownership globally with 69% of the country owning or paying off our own residence.
2. We don’t owe too much. Our “government debt per person” is significantly less than other countries. According to the global debt clock on “The Economist” magazine’s website we owe about a third of what they do in the UK or USA.
3. We are paying off our loans. Our Government is one of the few in the world talking about returning to a budget surplus in the next few years. Cuts to spending, lower welfare costs and higher tax revenue are leading us there.
4. Our loans are getting cheaper. The Reserve Bank has cut rates twice already and things seem set to continue on this trend for 2012. The US, European Union and Japan already have cash rates close to zero with nowhere to go.
5. Our property values are solid. We have a basic under supply of property and low vacancy rates (1.4%) in Sydney, and particularly in the Shire.
6. We have good neighbours. We have one of the lowest unemployment rates ( 5.3% ) in the Western world and our local neighbours like Taiwan, Singapore, South Korea and even Japan have lower unemployment. Most people who can and want to work are finding a position and paying taxes in the process.
7. We have a great customer base. The strong demand from China and India for our natural resources is well established and continuing to serve our nation well.
8. Our shops are busy. Retail sales increased for the fourth month in a row in October which is amazing considering the rise of unmeasurable internet sales.
9. Our dollar is strong. Above parity with the US dollar and buys well against the Euro so our imports are cheaper.
10. We’ve got a great view! Just stop for a second look out the nearest window and appreciate the beautiful country we live in. Go on do it now. Like what you see? Great, be happy and appreciate life. Don’t like what you see? Call the team at Newton Real Estate as we can change that view for you!
Next year is going to be a big year for us all and especially here at Newton Real Estate with some very special events and projects planned. So stay tuned, rest up over the holiday period and look out 2012 here we come!
Wishing you and your family all the good things that life in The Shire has to offer this Christmas.
For a professional and honest opinion when buying or selling your property, please do not hesitate to contact our Sales Team 7 Days on 9524 0777.
David Newton
