Australia’s population growth is slowing down. Some think this is a good thing, others don’t. The slowdown – good or bad – isn’t uniform. Queensland is down, but New South Wales and Victoria aren’t.
Short and sharp this week: The greenfield housing market across south east Queensland (SEQ) has now entered the upswing phase of the property cycle.
Annual growth rates for house and unit values buzz around these days like blue-arsed flies. Many of them include a decimal point, some even two!
Winston Churchill once said, “The farther backward you can look, the further forward you are likely to see”. Now, take a look at chart 1. It shows that our new housing market is a very cyclical one.
It seems that you cannot trust anything much anymore. Take unemployment, for example. The rate of unemployment used to be a pretty good measure of our economic health.
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