We believe that Australia’s housing market outlook is going to be very different than what has happened over the past couple of decades. Let’s lay it on the line, shall we? We believe that anyone digging in their heels to protect past property mentalities is in for a surprise. Post …
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One of Brisbane’s biggest assets is the Brisbane River. It is also one of the region’s major challenges. For mine – and it would appear to many others too – there isn’t enough river crossings in Brisbane. I touched on this issue as few months back when I questioned the lack of …
This post I have included seven charts outlining what’s missing when it comes to Brisbane’s housing market. For the record the latest data from CoreLogic suggest that Brisbane house values rose by just 0.3% over the last 12 months, with values rising 0.1% over the last three months. So, no price acceleration at the …
There is a somewhat misguided debate going at present, suggesting that Australia’s houses are too big, especially when compared to other countries, and that is one of the main reasons why housing here is expensive. Putting aside the differences in how house sizes are actually measured across countries, the local …
Broad hectare refers to land parcels greater than 2,500m2 planned for residential development. Also, broad hectare supply – either by area or dwelling yield – includes only the developable component of the land parcel. Constraints to development, such as flooding and protected vegetation are removed. In short, the broad hectare …
Just over two-thirds of Australian households own a pet. Of these 38% are dog owners and 29% are cat owners. In addition to this, just over half of the people who don’t currently own a pet admit that they would like one. Australia has the highest rate of pet ownership in …
A lot is being written and said about the future of Australia’s house prices. There seems to be a lot of confusion about the issue. I have included three tables in this missive in an attempt to outline what I think is the real state of play. Table 1 Housing …
Quite a few folks have asked me to do a 10 Things: Moreton Bay post. So here goes. 1. Moreton Bay Regional Council holds 460,000 permanent residents and is growing by 10,000 new inhabitants per annum. There is a need to build 3,700 new dwellings in the area each year. 2. Whilst there …
The Grattan Institute earlier this month released another great report on Australia’s urban landscape. To read the 87-page report go here. But for those of you that are time short, I have pulled together 10 things you need to know about this work. Many of them are quite surprising. 10 things 1. …
Each quarter the ABS releases its Demographic Statistics which holds the latest population results for each Australian state or territory. These figures include interstate migration movements. Queensland’s improving population growth is usually accompanied with rising property values. But this doesn’t appear to be the case at present. But before I …
Following on from last week’s post – revisit here – this week I have looked at the state of play for new housing supply and underlying demand for south east Queensland. Two tables are included, the first looks at the situation by major region – inner Brisbane (within 5km of the …