At this time of year, we typically have friends and relatives gathered around at our place. And I am always interested in observing where our guests, and we spend, most of our time awake whilst at home. In short, the kitchen area and family/TV room get the lion’s share. This reminded me of a study…
New dwelling approvals – whilst up 6% on last year – remain lacklustre. Some 168,000 new dwellings were approved over the past twelve months, most of which (110,000 or 65% were detached houses) and 58,000 were attached dwellings. Nearly half (47%) of the new attached dwelling approvals were townhouses, followed by high-rise apartments, mid-rise stock…
New dwelling approvals are still falling short – whilst up 6% on last year – they remain lacklustre. Some 168,000 new dwellings were approved over the past twelve months, most of which (110,000 or 65% were detached houses) and 58,000 were attached dwellings. Nearly half (47%) of the new attached dwelling approvals were townhouses, followed…
Not a lot of commentary on this post. Thank goddess I can hear many of you say. Below is a table showing how much we earn by household and also as a median figure by state and territory. When it comes to how much a household earns per annum, some 59% (for Australia) comes from…
Where interest rates head in Australia next year and beyond depends not on inflation per se but on what happens with new job creation. This impacts the unemployment rate and, in most situations, the level and direction of inflation. So looking forward it is all about jobs. Our first chart shows that the annual rate…
Here are three acronyms you should know to better understand what tenants want. SOAP SOAP has been around for some time, and it is somewhat heartening to see that this old faithful still features high on the rental market’s want list. S = Storage 0 = Outdoor living space A = Air conditioning P = Parking (off street) PIES…
A billion – in Australia – is $1,000,000,000. You see this amount written everywhere these days. You cannot escape it. It was brought home to me a few weeks back, whilst driving through New South Wales. Road work signs proudly announced $2.3 billion worth of construction here, another $1.7 billion there. Governments love to announce…
There are two major Australian housing demographic shapers over the next decade. These two next big waves are first home buyers and downsizers. Both these markets are looking for affordable housing outcomes and often, smaller homes with less maintenance. Smaller lots – especially those near high quality offsets like parks, cafes and views – are…
This post is about the most recent annual ABS population growth figures. Well, most of Australia’s population growth takes place in our capital cities. Table 1 shows that some 82% (or 517,000) of the country’s 634,500 annual population increase last year took place across our eight capitals. Yet when you remove the Gold Coast, Sunshine Coast,…
There is a lot of misleading information out there about things economic and it seems even more so when you combine property and taxation. Negative gearing is a case in point. Australia is a one-off? For example, it has been stated that Australia is the only country that allows for negative gearing deductions. But this…
