market news

Warren Buffett : I’d buy up a couple hundred thousand single family homes if I could

When probably the greatest investor of our time makes a statement like the above then it is time to site up and take notice. Warren Buffett says along with equities, single-family homes are a very attractive investment right now. Appearing live on CNBC’s Squawk Box (http://www.cnbc.com/id/46538421 – 5.10 minutes in) Buffett says he’d buy up …

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Optimism is building that the US housing industry is nearing a bottom — finally.

USA Today seems to sum up the position of a number of independent commentators. According to this source: Home sales and home building are forecast to rise this year after sliding steeply the past five years in housing’s worst downturn since the Great Depression. Recovery is expected to be slow, and home prices are widely …

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London update

UK house prices are continuing to fall with few if any signs of the market improving. Hometrack has advised that the average cost of a home was down by over 2% over the previous year. Demand remains weak with mortgages difficult to obtain. The likelihood is that prices will be even lower next year and …

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USA Update

A well respected, internationally known newspaper’s blog has just run the headline Housing Inventories Fall to New Four-Year Low in October The supporting article states; ‘The 2.12 million homes listed for sale in October was down by 3.5% from September and down by 21% from one year ago, according to data compiled by Realtor.com’ The …

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Student accommodation in Perth

We have had a number of enquiries recently asking us about opportunities to invest in the Australian residential market. Apparently the strong Australian dollar is not deterring many of our investors who are taking the view the currency will remain strong for the foreseeable future and it is great market to invest in for the …

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