Hi all.
I wouldn’t think that this would effect owner-occupiers, investors with buy and hold strategies. I think Richmond said that only 6% of the population own an investment property and of these people only 5% own more than 5 properties (therefore 0.3% of the population own more than 5 properties). Considering the number of active investors in the market you could probably assume that T+3 settlement terms would not impact the market much (as active investors only make up a small amount of the market).
However, the T+3 thing may attract a whole new set of investors to the market – property traders. If enough entered the market then perhaps they could have a notable effect on volatility.
Something to think about…good one Michael.
Cheers
Stu
Property & Finance News
at http://www.prosolution.com.auHowdy Stu…
I’m not sure how old that 0.3% figure is… over on the somersoft board they were still quoting it, but I don’t think it’s been updated for a couple of years… I wonder how different it is now with all the buzz on PI. Does anyone know? I’m at work and can’t hunt it down just at the minute.
r
Hi all,
I found those figures based on 1994 figures on the net, but I can’t find them again to post them!!
I saw a video of a seminar which was last year quoting similar figures (perhaps 92 not 94.)
I have also read that only 10 percent of properties are CF+ve.
Those few investors that have more than five, they’ve probably got some +ve CF ones in their portfolio. And the Steve and Dave-s of the world of course, even being in a half-percent of all property investors, would make a sizeable dent on the CF+ve property market….Also it’s somewhere between 20 and 30 percent of the population that rent, depending on the area. And growing, because of houses being less ‘affordable’. So basically all those figures sound about right to me.
cheers-
Mini
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