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According to chief market strategist at CMC Markets and host of The Artful Trader podcast Michael McCarthy, there are certain investor personality traits that seem to predict success in the share market.

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In this episode of the nestegg Podcast, Michael joins host Grace Ormsby to outline exactly what these characteristics are, the difference between high-risk and low-risk appetites, and how investors can apply different strategies depending on their own personality type.

Michael also explains how fear can be both helpful and a hindrance for confident decision-making, why failure is a crucial process for investors seeking growth, and where budding investors can begin educating themselves about the markets.

Thanks Matthew, for sharing your insights with the nestegg podcast team!

You can keep up to date with what CMC Markets are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Is now a good time to be buying property through my SMSF?

By Tim Lawless, CoreLogic RP Data · March 01 2016

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Invest

Is now a good time to be buying property through my SMSF?

By Tim Lawless, CoreLogic RP Data
March 01 2016

Reading:

good time buying property through my smsf

Is now a good time to be buying property through my SMSF?

By Tim Lawless, CoreLogic RP Data · March 01 2016

Reading:

With the balance between buyers and sellers now shifting back towards the buyer, prospective investors should keep a close eye on the housing market for opportunities.

The pace of capital gains across the housing market lost steam over the second half of 2015. Over the first six months of 2015 capital city dwelling values rose by 5.1 per cent and by the end of the calendar year the six -month rate of growth had roughly halved to 2.6 per cent after values reduced by 1.4 per cent over the final quarter of the year.

The slowdown in growth was evident mostly in Sydney and Melbourne, where housing conditions were previously booming, but Perth and Darwin, where market conditions peaked in 2014, are also winding down. In fact, Perth and Darwin were the only two capital cities to record a negative annual movement over the past 12 months. Sydney and Melbourne still stand out as showing the highest capital gains over the past year, with values up 10.5 per cent and 11 per cent respectively; however, both cities recorded a negative movement over the past three months.

As growth conditions wind down, we are seeing conditions around home buying starting to improve. Stock levels, based on the number of homes being advertised for sale, are higher than a year ago across every capital city except Hobart. At the end of January the number of homes available for sale was almost 5 per cent higher than a year ago nationally and 9 per cent higher across the capital cities. This means more choice for buyers and less negotiation leverage for sellers.

Generally, buyers should have more options around properties available to buy; they should have more time to do their research and due diligence; they should be able to negotiate harder to achieve a purchase price that fits their budget. In a market with more buying options, if a vendor is unwilling to budge enough on the contract price, a prospective buyer can more easily move on to another property.

On average our statistics on selling time confirm that homes are taking longer to sell. The average time it took to sell a property in December last year was 41 days compared with 39 days in 2014, and discount rates have increased from 5.7 per cent to 5.9 per cent meaning vendors are starting become more flexible on their price expectations.

When housing market conditions were stronger and values were rising quickly, vendors had all the leverage and buyers had to make their decisions rapidly otherwise there was a high likelihood the home would be sold to another buyer.

Dwelling values may fall further during 2016, however our view is that the downward phase won’t be severe with housing demand buoyed by an ongoing low mortgage rate environment and relatively steady economic conditions.

Tim Lawless, CoreLogic RP Data research director