Australians are a gloomy lot about the future
One of the richest countries in the World, low unemployment, high wages, future looking good and yet we are the gloomiest people in the Asian region about our future!
There are so many reasons for Australians to be happy and cheerful and yet a poll, conducted twice a year by card payments company Mastercard, showed our confidence ranking was more than 30 per cent below the regional average.
Only 3 countries in the region are more pessimistic about the future than Australians, Taiwan, Sri Lanka and Malaysia. The survey was based on the economy, employment prospects, income prospects and quality of life.
A recent newspaper article sums up our real situation as follows:
“ It’s hard to find a good reason why Australians are much gloomier about their economic circumstances than most of their Asian neighbours, including New Zealand. Over the past decade, Australia has been enriched by a once-in-a-century commodities boom and manouevred, relatively unscathed, through the biggest financial crisis since the Great Depression. Now the economy is making a better-than-expected post-boom transition. No Australian in their mid-40s or younger has ever experienced a recession in their working life.
Australia’s economic institutions are recognised to be among the strongest in the world and we’re one of a handful of countries with a triple-A credit rating from the three major ratings agencies – Standard & Poor’s, Moody’s and Fitch Ratings.”
We are often amazed at the procrastination of potential property investors. With the opportunity to buy a positive cash flow investment property in one of Australia’s top 10 suburbs for growth and the thought of all that can go wrong in the future is stronger than the certainty of increasing wealth through the purchase of positively geared investment property.
It really is all in the mind! Read more: http://goo.gl/ADBjNx
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~ Lime Property Solutions
