Here’s another light, tight, 3 minute of property investment reading – all with a positive feel to start to your weekend.
1. Shine on
Brisbane slowly but surely is looking to get its shine back. Last week we reported on the 1% weighted average rise in dwelling values across the city, in what is traditionally a seasonally-weak month.
June dwelling values rose in Brisbane 1% – same also for Sydney and Melbourne, Perth and Canberra (2%); and Hobart (2.7%).
Further good news for Sunshine City (well, we like the term! But if you can think of something better, then let us know) comes from SQM Research who report that while residential vacancy rates stagnated during May throughout many of the capital cities, Brisbane was one of only three cities (along with Darwin and Hobart) to record a monthly change – dipping slightly by 0.1%.
Brisbane’s current vacancy rate of 1.4% represents 4,120 vacancies.
2. Digital ADD
Has this ever happened to you?
You start off with an email, perhaps a newsletter, then it takes you to another article, you read that; the author makes some interesting points, so you look at some of those; then you research the author and something else he wrote about, and boom! What seems like seconds later actually turns out to be 45 minutes or so of your life that you won’t ever get back.
And that work deadline you were supposed to meet…well, you get the drift.
Inc.com calls this digital ADD, and suggests four ways to overcome digital distraction and get your work done
- Close your email program – at least for an hour a day. Don’t even go there.
- Turn off alerts – no phone, no instant message. And if you can’t bear the thought of being completely incommunicado, make this a different hour to the time you turn off your email access.
- Know the difference between research and internet surfing. “Liking” your friend’s cat pictures on Facebook is not research.
- Limit the numbers of windows on your desktop – take time at least once a week to close down what you haven’t used for a few days; get rid of files on the dock and clean up your desktop.
3. Matusik Pulse
Last week our poll asked what it would take – if anything – to get you to seriously consider a new dwelling investment.
Judging from our overall response, investors remain reticent; willing to wait and watch for just a bit longer.
Close to a quarter of our respondents need to see an improved economy before they consider making a move; 22% would think about an investment property if stamp duty was removed from off-the-plan sales; but 20% would not be inspired at all to add to their investment portfolio. Some 13% could be lured by a price discount of over 5%; and another 13% might be motivated by independent valuation support. Very few (8%) it seems would be motivated by a guaranteed rental return.
Over-surveyed? Thanks for all your great responses to our Matusik Pulse polls – we appreciate your input. But sometimes we need to give it a rest….there’s nothing worse than a bad case of surveyitis. So, welcome to the beginning of a poll-free break – think of it as your school holidays! The Matusik Pulse poll will resume in a couple of weeks.
Enjoy your weekend, and remember…. pass this Missive on to 3 others.
Also, don’t forget to check out the girls or maybe order a gateau – it is, after all, Bastille Day.
SYDNEY – if you are a local, or are planning to visit the Sydney Home Buyer and Property Investor Show on July 20, 21 and 22, I’ll be talking about: What to buy – My 10 rules for better investment buying. Come and say hello – would love to chat.
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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