Oz, from a Saffa’s viewpoint??

This is a copy October 2012 newsletter……..

It’s been a few months since my last Oz property Investment newsletter. I’ve delayed as there has not been very much to report, but it seems a pattern might be emerging.

ZAR v AUD$ over last 12 years

 

The trend is clear: SA’s higher inflation rate will inevitably weaken the Rand against the Au $ by an average of 9.5% PA, 105% over 12 years

House price growth and predictions

John E Edwards, Chief Executive Officer and Founder, Residex Pty Limited.

In the quarter to the end of September, the Australian median house value decreased by 0.83 per cent and 0.24 per cent for units. However, September alone saw an increase of 0.8 and 0.2 per cent for houses and units respectively, indicating we may see some growth in coming months.