Another property buzz word this year will also be interstate migration.
One of the many buzz-words this year will be jobs. And rightly so, because having a job and in particular a full time one, is a must when it comes to buying a dwelling and how well the housing market performs is increasingly dependent on local employment trends.
Digital disruption is the business and social topic of the year, if not the past decade. It has upended thousands of businesses and careers and its impact will continue.
There is a lot of publicity about housing affordability, of late. This seems to happen when markets change direction or focus.
Overview – A market’s position on the property clock is based around the strength and direction of several key real estate indicators. These indicators include:
Apparently, High-rise Harry will cease building apartments for rent if the NSW government implements rental reforms to improve security of tenure.
Much, these days, is written about price growth, and to some extent, about rents. A lot of it looks backwards, telling us about past performance. Most of it is nonsense. Less is said about future trends.
We have assisted several property players in recent months with their project feasibilities. Our approach is always the ‘martini glass’.
Take a few minutes to look at the table below.
Some recent stuff that has gone missing includes – Average Australian household size: