Proportion of $71 Billion hopefully to Property Portfolio Acquisitions

.

According to St George Bank senior economist Hans Kunnen ‘‘saving for saving’s sake is pointless’’ and ‘‘you have to do something productive with it’’

And according to CommSec's Craig “Now's time for companies to loosen their purse strings”

I agree with both of them and Jared Lynch article that explains that “Australia’s biggest companies need to start spending their $71.1 billion cash pile on mergers and acquisitions this year or face the wrath of shareholders”, is an eye opener.

St George Bank senior economist Hans Kunnen said “Once you reach your savings target anything beyond that needs to be returned to shareholders or reinvested in the business,’’

Commonwealth Bank chief economist Craig James said shareholders would reassess their investments in companies that failed to use their cash piles to invest in the businesses.

‘‘While it was a smart move over 2013 to store up the eggs for a rainy day, now it’s a case the thawing is happening and businesses have got to be on the lookout for opportunities rather than focus on risk,’’ Mr James said.

There are many economists hedging their bets that a large proportion of company assets will be spread amongst property portfolio acquisitions and infrastructure connected to property developments.

This would be a logical move while spreading all of those 71 Billion eggs into different baskets, and hopefully will come to fruition within the property sector as this injection will definitely benefit the wider community as a whole.