04 Mar '13, 4am

Mixed blessings Down Under

Mixed blessings Down Under

“Aussies are getting used to hearing the terms “patchwork” or “two speed” economy as some sectors do well, and others lose ground.” Aussies are getting used to hearing the terms “patchwork” or “two speed” economy as some sectors do well, and others lose ground. While global commodities prices have come off the boil, there is a raft of new mining projects yet to come on stream, and more booms predicted in the new future. Housing prices in the mining areas have sky rocketed yielding high rental returns. According to the Australian Prudential Regulation Authority, for the year to 30 June 2012, the average rate of return (ROR) for large super funds was a meagre 0.5 percent. The different super fund types delivered the following returns for the 12 months to June 2012: • Public sector super funds delivered an average ROR of 1.7 percent • Corporate super funds delivered an averag...

Full article: http://www.property-report.com/mixed-blessings-down-under...

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a mixed bag of green news

a mixed bag of green news

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