Those who are doing it tough will not be happy with the Reserve Bank of Australia leaving cash rates on hold for the second successive month. Retailers and many manufactures especially clothing, shoes and tourism would like some assistance.  But unless unemployment rises or global financial markets plummet the RBA appears comfortable where the cash rate is currently positioned.

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Self-Manage or Property Manager ?

I often hear stories of property managers not adequately dealing with investment property management and looking after their clients best interests.  I think the enthusiastic investor owner should be the person that knows what’s going on. The buck stops here!

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Its important that Australia’s banks are profitable and well capitalised, even their profits to us seem almost indecent. And of course they all sing the same tune regarding funding costs. But you can see what the current Euro debt is doing to their ability to raise funds.

The costs of their funds is indicated by LIBOR.

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Or is this really the case when it comes to self-managing your own investment rental property.  There are about 1.8 million tax payers who are property investors owning a rental investment property. Some 400,000 of them own more than one. So there could be something in the region of 2 million rental properties in Australia.  With Self-Managed Superfunds now growing substantially about 14 per cent of their funds are now invested in property and its growing.

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