Investments

Investments

Thailand has abandoned plans to sell land to foreign buyers.

Opposition parties vehemently opposed the government’s proposal to allow foreigners to acquire land for housing in Thailand, labeling it as detrimental to the nation’s sovereignty. They argued that such a move would essentially amount to “selling out” the country’s valuable resources. Government spokesperson Anucha Burapachaisri announced during a recent cabinet meeting in Bangkok that the proposal was being withdrawn for further evaluation. He emphasized the government’s commitment to considering public sentiment and feedback on the matter before any decisions are finalized. Prime Minister Prayuth Chan-Ocha addressed reporters, clarifying that while the initiative is temporarily on hold, it is not entirely

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Australia News

Where should you put your money in 2023?

For investors, 2022 was a turbulent year. Investors saw a decline in the value of their shares, homeowners saw their home values fall by the most significant margin in decades, and savers were disadvantaged since interest rates increased but failed to keep up with inflation. In that case, where can we expect to find promising investment prospects in the next year? To find out, we consulted the professionals. In an interview with CNBC, Mark Lister, investment director at Craigs Investment Partners, predicted that the real economy will be hit worse than the financial markets. Although the financial markets struggled in

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Australia News

Indicators show that Australian property prices will decline in 2023.

There is one way to gain a sense of what will happen to Australian property values in 2023, notwithstanding the impossibility of predicting the future: look over the ditch. Since the Reserve Bank of New Zealand (RBNZ) began the current interest rate increase cycle in October 2021, New Zealand has served as a leading indicator for property markets and economies across the developed world. While some central banks, such as the RBA, were slow to join the campaign to combat inflation, other central banks worldwide followed the RBNZ in rapidly increasing interest rates. Since they were high in November last

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Investments

Is 2023 The Ideal Time to Buy A Property?

Even though the following OCR review is scheduled on February 22, Century 21 New Zealand owner Tim Kearins anticipates more excellent interest rate stability this summer. However, he cautions that this “won’t make it any simpler for many young Kiwis to acquire loans in the first place.” Kearins believes that the next six months might be an excellent time to purchase a house since the number of listings is increasing and sellers are becoming more realistic about pricing expectations. Even while getting a loan from a conventional bank in New Zealand still has its challenges, he advised not discounting the

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Australia Property

 What do experts in Australia’s real estate sector anticipate will happen in 2023?

Indeed, 2022 has been a remarkable year full of unexpected developments. As recently as a year ago, the Australian property market was experiencing a nationwide boom, with remarkable increases seen most noticeably in Sydney and Queensland. Interest rates are hovering around 2% since the Reserve Bank of Australia (RBA) retained the cash rate at a record low level of 0.1% despite some mild headwinds. The RBA boosted the cash rate in May almost two years earlier than they had predicted. This routine continued for the following eight months. Price drops were seen across the board in the real estate market

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Investments

Whisky Investments: A Surprisingly Profitable Fresh Market

Why is whisky a preferred alcoholic beverage of millions of people worldwide? Whisky is a classic in the world of spirits. Scotch is a national commodity and an export in Scotland. It has acted as the impetus for a significant national industry and is deeply ingrained in the country’s history. However, although everyone has heard of aged whisky as a luxury liqueur, this expensive beverage has become a commodity in recent years. Whisky investment has become a viable financial option for many fans. Everyone may now invest in a barrel of their preferred whisky brand and keep it with the

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Australia News

Australia’s Real Estate Prospects For 2023

We highlight some fundamental elements supporting the growth of Australia’s diverse real estate markets. The Australian real estate market will continue to be influenced by various variables in 2023.  There are some bright spots in the next year’s economic and financial prospects, provided you know where to look. Several of the most critical drivers of success in the Australian real estate market are discussed in this article. Residential property market outlook In 2021, after relative stagnation, the residential real estate sector saw explosive expansion. As a result of interest rate increases and increasing prices, 2022 saw much-reduced volumes entering the

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Investments

Should you purchase a London house in 2023, as mortgages outpace renting?

Despite declining home costs, renting in the nation’s capital has surpassed buying for the first time in 13 years. In this case, it’s essential to consider if you should enter a volatile market or wait it out. In London, the cost of mortgage payments has surpassed the cost of rent due to increasing interest rates, the cost-of-living problem, and mounting worries about a recession. Buying a home in the capital is now more expensive than renting by £832 a month, according to exclusive data reviewed by Homes & Property, even though house prices have begun to decline. Many first-time buyers

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Australia News

A healthcare real estate firm reported a $65 million decline in property portfolio value.

The only healthcare-focused property trust listed on the NZX, Vital Healthcare Property Trust (VHP), has seen its property portfolio lose $65 million in value in the last six months. Having just had an independent appraisal of more than half of the company’s assets, VHP, which owns 47 properties spanning Australia and New Zealand, made the news. Stuff reports that the value of the healthcare real estate company’s $3.6 billion portfolio at the end of September fell by 1.9% from the end of June, while the value of the company’s 16 New Zealand subsidiaries, which included hospitals, medical offices, and ambulatory

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Australia News

Property market instability will haunt homeowners in 2023.

There are junctures in the history of Australian families that alter the trajectory of their lives for the foreseeable future. The RBA decreased the cash rate from 17.5 percent to 17.0 percent on February 23, 1990. For the following three and a half years, the cash rate would be reduced steadily until it reached its current low of 4.75 percent. For many Australians, worrying about interest rate hikes became a thing of the past as their threat vanished in late 2010. This turning point permanently altered the homeownership landscape and households’ mentality. The current situation, however, with Australians facing the

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