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Supply response. If there’s a subject that I get more emails about than anything else it’s the supply of new apartments in Sydney. When prices take off you should generally expect a supply response as more projects become viable, until eventually the new supply kills the up-cycle. And after a period of under-building you only…
Knowledge fueled by emotion equals action. Action is the ingredient that ensures results. Only action can cause reaction. Further, only positive action can cause positive reaction Action. The whole world loves to watch those who make things happen, and it rewards them for causing waves of productive enterprise. I stress this because today I see many people who are really…
Population growth is driven by jobs and economic growth and all these in turn drive our property markets. The latest ABS demographic statistics show the annual rate of population growth held steady at 1.4 per cent in the first quarter 2016, however there was a wide divergences between population growth in the various states and…
Our mind determines our success or failure. Everything you do begins and ends with your thinking. So let’s look at a number of ways of improving the way you think. Let’s look at how you can begin to think like a property multi-millionaire: 1. Read Expand your horizons by reading books that motivate or inspire…
In our weekly Real Estate Talk shows I’ve been running a series of interviews with leading experts asking: “the best and worst advice you’ve ever been given.” I asked Michael Yardney from Metropole Property Strategists for his experiences: Read the transcript here: Kevin Turner: What’s the worst advice you’ve ever been given in the arena of property…
As 12th season of The Block heats up our television screens, editor of PropertyUpdate.com.au Liz Rudenko, takes a look at some of the winning designs so far. The theme? Art deco The challenge? To transform an old soap factory into a high end apartment building, while maintaining its heritage listed features While the new season of ‘The…
One thing this latest buzz of investor activity in the property market has demonstrated yet again is that some newcomers to the real estate game still insist on going in blind. These first timers operate under the assumption that any property makes a good investment and that if things don’t quite pan out, well you…
There are more interesting articles, commentaries and analyst reports on the Web every week than anyone could read in a month. Each Saturday morning I like to share some of the ones I’ve read during the week. The weekend will be over before you know it, so enjoy some weekend reading…and please forward to your friends…
The Reserve Bank (RBA) released the minutes of its September board meeting earlier this week. At the meeting, the last for Governor Glenn Stevens, the RBA board decided to keep official interest rates on hold at 1.5%. The minutes included quite a lot of commentary around the housing market which follows. ‘Conditions in established housing…
Land boomers Capital city vacant land prices rose by +8.1 per cent over financial year 2016, according to CoreLogic. In Sydney the median land price rose by +12.5 per cent or nearly $47,000 to $422,500. And Sydney prices were up by a thumping +15.8 per cent on a per square metre basis. Meanwhile in Melbourne…
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