Dear %%first_name%%,
Stop the presses! Just before publishing the Switzer Super Report today, a Cyprus deal was brokered. All deposits under 100,000 euros will be “fully guaranteed”.
Even before that deal was announced Wall Street reacted positively on Friday as prospects brightened for a Cypriot bailout. However, I don’t think that completely rules out a pullback. Shares are up by a massive amount this year and that alone should see some kind of “buying opportunity” for savvy investors in the next weeks or months.
Speaking of buying opportunities, you can’t go past residential property right now. As we move into the autumn buying season, we’ve put together a property special that will run over the next five weeks. Each issue will have at least two property stories with everything you need to know about the sector.
This week, resident Switzer Super Report economist JP Goldman runs us through the fundamentals behind this rebound and Paul Rickard explains the advantages and disadvantages of investing in direct property via your super fund. This is something only SMSFs can do, and worth considering if you are a property lover.
On Thursday we will look at some of the top areas forecast to grow over the next five years – a must read for the budding, or even more experienced, property investor – based on exclusive data supplied by Residex.
In our regular Monday auction clearance wrap-up you can see how the states faired on Super Saturday and also today, Rudi Filapek-Vandyck explores why brokers are upbeat on air travel – QAN, SYD and VIH all get upgrades. Lance Lai’s chart of the week is the Nikkei 225.
So enjoy our property special.
Sincerely,
Peter Switzer