June Article Round Up

We are pretty close to the end of June and the tax deadline is pretty much here, so I hope all that stress is off the table. So now you have a few minutes to spare, you can re-read some of these interesting article I came across in June.

The Economic History of the Last 2,000 Years in 1 Little Graph:

That headline is a big promise. But here it is:

The economic history of the world going back to Year 1 showing the major powers' share of world GDP, from a research letter written by Michael Cembalest, chairman of market and investment strategy at JP Morgan.  

Wanted – new Aussies with good skillset!:

....In Australia unlike Europe, Japan and even the US we have a robust and healthy immigration policy allowing in around 250,000 to 350,000 people annually.

Our unemployment rate is 4.8%, and this is considered full employment. Much of this can be attributed to Australians not being prepared to travel to take up jobs in mining towns and other areas that are perhaps hard to get to or other occupations that perhaps Australians are not prepared to accept. One will never achieve 0% unemployment.

$25,500 unit a bargain property buy in Cairns:

An interstate investor has bagged a bargain after buying one of Cairns' cheapest properties.

The furnished studio apartment at 209/1 Anderson Rd, Woree, sold for $25,000 to a NSW investor last week.

According to RP Data’s Mitch Koper, it is the second-cheapest residential dwelling sold in the Cairns area in more than six years.

Women are better than men at saving for a house deposit:

Men may whinge about how their partner’s shopping addiction scuppers any attempts to raise a house deposit, but are women the real saving superheroes?

The results of one national survey certainly suggest that the stereotype of the frivolous big spending lady should be resigned to the scrap heap. According to the RAMS Savings Satisfaction Survey by Gender and Generation, 73% of women are willing to rein in their spending habits to hit savings goals, whereas only 68% of men are prepared to go to the same lengths.

Plenty to Spare:

Here is another chart that runs contrary to all those debt-bears out there.

Just one in five Australian households currently owe more than $200,000 on their mortgage.  The results fluctutate from just 15% in Queensland to 25% in Tasmania.  Moreover just 10% of Aussie households have a mortgage larger than $300,000.  Hmmm, this isn’t what Dr. Steve Keen would have us believe.