Research trip video: Australia – the land of houses and holes
A couple of weeks ago I headed back to my hometown of Sydney, Australia. In between the barbies, the beach and a few beers, I managed to get around and film this short research video.
Australia is the 13th largest economy in the world and those that live there enjoy a very high standard of living. Growth is dominated by its service sector which makes up around 70% of GDP, whilst the total mining sector represents around 20% of GDP. With one of the most expensive housing markets in the world, a strong currency and the possibility of a China slowdown clearly on the horizon, will Australia’s economic performance over the next twenty years be as strong as the last?
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.