Why property investing is like tumbling dice…

house-monpoly

There is a dark and subversive 1971 novel named “The Dice Man”, in the plot of which a psychologist decides to begin making his life’s decisions based upon the roll of a dice, leading him into all manner of unseemly scrapes and awkward situations.

The novel became something of a cult classic – and it’s not hard to see why, for it’s such an arresting idea: what would actually eventuate if we left the outcomes of our lives purely to chance?

The novel, I recall with a wry smirk, was particularly popular with a large number of students cf. “Let’s roll the dice to see what we should do tonight! And the dice saaay…we must go to the pub!”…(again). [Read more...]

Melbourne population growth drives the property market

many-people

The latest stats from the Australian Bureau of Statistics show that Melbourne once again had the strongest growth of all capital cities, adding 77,242 people in 2011-12 to reach mid-2012 with a population of almost 4.25 million.

Victoria added 88,966 people to close the financial year with 5.624 million people, just under 25 per cent of all Australians.

[Read more...]

Vendor’s asking prices are moving up | SQM Research

australia

According to the latest report from SQM Research vendors lifted their asking prices  by 0.5% for houses and 0.9% for units this month.

Year on year, asking prices for houses are up by 1.9% and units up by 2.6%.

This follows on from the 1.3% increase in the March Quarter.

Sydney, Perth and to a lesser extent Brisbane and Hobart contributed to the rise in prices over the month of April. Canberra and Melbourne made negative contributions. [Read more...]

Intergenerational war! And the affordability of property

Diversity Housing

A couple of years ago I watched a movie called Bright Star which was about one of the most famous of all poets, John Keats. It was interesting to learn that even so famous a poet as Keats died penniless.

It’s true that authors such as JK Rowling can turn their writing into a form of franchise and make millions, but most writers (as I know!) don’t make a great deal from it, more’s the pity.

[Read more...]

10 things every property investor should know about the Queensland economy

queensland[1]

The national & state economic results are in. The Queensland economy – in our opinion – deserves a B-.

Our report card comments would be… [Read more...]

Look what’s happening to Australia’s population growth

australia

Population growth is ramping up again and that’s good for our property markets

The September 2012 Demographic Statistics were released by the Australian Bureau of Statistics recently. The statistics revealed that population growth is continuing to accelerate in the lead-up to a Federal election.

With the escalating level of population growth a hot topic in the lead-up to the previous Federal Election, in the lead-up to this year’s election population growth is once again ramping up. [Read more...]

[Video] The best place for property investment | Louise Christpoher talks to Peter Switzer

australia

Our property markets have turned the corner haven’t they? Well.. some have and others haven’t!

So where is the best pace to invest in property? [Read more...]

The rise of Sydney’s Inner West

Sydney

About 5 years after the event Sydney Morning Herald finally reports that the Inner West is the hot sector of the market in the Sydney property market with “investor interest and prices skyrocketing”.

Many of the once-industrial suburbs are now gentrified and are becoming phenomenally popular with buyers due to the easy proximity to the city and it being cheaper than the traditionally popular beachside Eastern Suburbs (the Eastern Suburbs are still a great area to own property if you have a little more to spend).

[Read more...]

Recovery cometh to the property market

Australia

OZ, The Great & Powerful.  Now that should be the title of this missive.  But we just don’t want to believe it.  Most of the rest of the world does.  But still we don’t see it.

The weekend papers ran headlines like: “Forget talk of gloom, this is all boom” & “We’re doing so well yet we keep whingeing”.

At dinner on Saturday night a mate summed up our current malaise in a nutshell:  “We worry more about the Greek economy than the Greeks do.”

The Herald-Lateral Economics Well-Being Index (which measures both individual economic circumstances & happiness) shows that we should be doing very well.  Our well-being is up 5% on last year.  But still we whinge. [Read more...]

Regional property markets a mixed bag through 2012

2012_02_22_Fall+from+peak_houses

Australia’s regional property markets have delivered a mixed bag of results in 2012.

Over 2012, home value growth (combined houses and units) across regional property markets of Australia has varied from a 20.6% increase in values in the Western Australia’s Pilbara region to a -9.6% fall in values in South Australia’s Murray Lands region.
[Read more...]