Here’s another light, tight, 3 minute of property investment reading – all with a positive feel for your weekend…
Dear “Amazed not Really”, thanks for posting your comment here. Don’t worry, you are not alone – not everyone agrees with me (just ask my wife).
But the facts can’t be ignored – momentum for a recovery in the market is building. The signs are there, and this week, those signs are looking good!
New data shows that the amount of stock on the market in Brisbane fell by almost 12% in July. Perth, Sydney and Darwin also saw falls of 16%, 10% and 29% respectively.
And figures released by SQM Research confirm a national drop in the levels of residential stock of almost 5%, representing around 370,000 properties.
As SQM Research points out, some stock decrease during the winter period is to be expected, but falls of this magnitude across all capitals except for Hobart are…..let’s just call it, “quietly major”.
There are always doubters, Amazed, but the fact that Brisbane, Darwin, Perth and Sydney all have fewer listings in the market compared with this time last year, is a pretty good indicator that the market is turning. Read on for more good news, if you dare.
2. Housing & employment positives
Commsec reports this week on improvements in housing activity. Housing finance commitments rose in June – home lending was up by 2.4% while investment loans rose by almost 5%.
The average home loan across Australia stood at $295,500 for four consecutive months since bottoming out in February – a further indication that prices have bottomed.
And, for those of you who have heard us use the C-word before (that’s C for Confidence), Commsec reiterates that with these positives in place – a lack of new residential construction that has led to pent-up demand and migration levels at 3 ½ year lows, demand for new and existing homes should lift. All that is missing, they say, is confidence! We could not agree more.
But let’s not stop there….employment rose by 14,000 in July and unemployment eased from an upwardly revised 5.3% to 5.2%.
The bulk of the job gains were in Queensland (+6,200), followed by NSW (+3,300), SA (+2,100), and Tas (+900). Some jobs did fall – WA (-4,200) and Vic (-3,800). NT was flat.
But all up, an extra 99,000 workers now have jobs compared to the start of this year, and that, according to CommSec, means more latent spending power. However, in the current environment, more are likely to be saving rather than spending, but as confidence improves, activity levels will pick up.
3. Daily battle
Do you have a daily battle with your inbox? Are you one of those people with hundreds or even thousands of messages in your inbox? Here are five tips from Inc.com on managing the daily battle with email:
- Out of sight, out of mind – do not keep your email open all day. It slows productivity. If someone needs you urgently, they’ll find you.
- Move it or lose it – deal with it, delete it, or delegate. Become aggressive and don’t let those messages sit there.
- Time-block – either schedule set times to deal with email, or establish consistent patterns.
- Copy and paste – keep a drafts folder of standard responses for common requests.
- Unsubcribe – unsubscribe to promo lists, news digests, shopping sites etc and read those elsewhere. Keep your inbox for business-related communication only.
And remember, reading email messages shouldn’t be a job in itself – email is just a communication tool!
We do around 100 presentations a year – and modesty aside, we are good at what we do – so if you are interested, just send us an email and we’ll be happy to tell you more.
And if you would like a copy of my current What To Buy presentation and more…. just click here.
Matusik Pulse Poll last call….if you haven’t already heard, we are asking for input from residents and buyers of apartments. Is there something on your list of likes or dislikes that you would like to air? This is your final chance – click here to respond.
Michael Matusik is the director of independent property advisory Matusik Property Insights. Matusik has helped over 550 new residential developments come to fruition and writes the weekly Matusik Missive. The Matusik Missive is free, however, reprinting, republication or distribution of any portion of this material, or inclusion on any website, is strictly prohibited without the written permission of Matusik Property Insights and may incur a charge.
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