The tea leaves suggest that dwelling prices should continue to appreciate over the short-term. Here, I am talking about the next six, to maybe, twelve months.
When looking at population action, it appears that it is all now happening in Victoria and New South Wales. Last year, Victoria attracted 36% of Australia’s population growth.
Next week is a busy one for the RBA. It is only one of five weeks in the year that they release three things in a single week. Not bad work if you can get it.
The problem facing the Australian economy in 2017 is the absurd ‘official’ measurement of unemployment. The true level of real unemployment and under-employment is under-reported.
One of the current social themes is that the consumer is to blame for wanting a big home. And they have been at it again over the weekend.
Apparently, one quarter of Australians in their mid-30’s still live at home. One in six of these “kids” (if you want to call them that) has never left home; whilst one in ten has, only to return again.
We are so busy at being busy these days that everything in life has now been reduced to 140 characters or less. That means there’s no time to do any further exploration or argue anything with nuance.
One of the hardest things to answer right now is what is likely to happen to the residential market in the next twelve months or so.
2016 is a year that most would like to forget. Elections, several untimely rock star deaths, earthquakes, APRA, piss-pour governance, traffic, Aussie cricket, floods, riots.
Tired? Well, I am. And for mine, it is only going to get busier. We are on the cusp of major change. Everything is getting faster.