We believe that Australia’s housing market outlook is going to be very different from what has happened over the past couple of decades. Let’s lay it on the line, shall we? Anyone digging in their heels to protect past property mentalities is in for a surprise. Looking forward we think …
Blog Posts
Apparently, property buyers can borrow 15% more than they could 12 months ago. Well that’s the opinion of a mortgage broker I know. Others are saying that this uplift, assuming it is true, will be taken up by home buyers and will translate into 15% house price growth. Meanwhile, the …
These suburbs are expected to be the top five housing development hot spots on the Gold Coast, and in Ipswich and Logan, over the next decade or two. The table below provides a quick summary: Suburb Dwellings* % of municipality supply Gold Coast Coomera 15,479 25% Surfers Paradise 11,034 17% …
The Queensland government have just released broad hectare land profiles for the Gold Coast, Ipswich and Logan. The table below provides a quick summary: Headline summary Municipality Hectares Dwellings* % SEQld supply Gold Coast 1,994 63,234 15% Ipswich 6,532 111,617 28% Logan 9,924 123,063 30% Forecast housing typology Municipality Higher …
The story goes something like this….”Brisbane’s housing market will boom as more people in Sydney cash up and move to SEQ”. Well the chart suggests that this story line isn’t coming true. It would also appear the net interstate migration to Qld has peaked. Well maybe? There is little doubt that …
How low can they go? Most of those working in the dismal science are calling for several more drops in the RBA cash rate, with some calling out a 0%. Interestingly many of these same cats were talking about interest rate rises only 12 to 18 months ago. The chart …
This week I want to discuss the vacant land market. Four tables have been included in this post. Table 1: SEQ urban land sales 2009 vs 2019, sale volumes + median prices LGA area 2009 2019 Ten year change Sold $ Sold $ Sold $ Brisbane (C) 1,375 $278,000 1,750 $416,250 …
This post is about new dwelling settlement valuations. Such valuations have always been a lucky dip, but the situation seems to be getting out of hand. There is a growing inconsistency with these valuations. In a recent case, a new 26 apartment complex in inner Brisbane received settlement valuations ranging between …
Four charts this post. Chart 1 shows that new attached dwelling approvals are on the decline, whilst detached housing demand is rising again. Chart 2 shows that a third of the attached dwellings approved haven’t been built yet, whilst most detached houses approved actually turn dirt. Chart 3 shows that walk-up apartments now …
I have been to several industry presentations and events over the past six months covering the housing market’s outlook. Many of my contemporaries launch into their talk using the projected population growth figures. I sit there wondering how close these projections are when compared to recent trends. The table below …
Most residents want cars parked off street. In response to such sentiments, Brisbane City Council proposes to increase the number of parking spaces required for future apartment buildings and townhouse developments across the middle and outer suburbs. Parking increases have been framed as adding to the quality of life and safety of …