In this blog, I’ll be talking about the housing market on a national scale, and there are two charts as part of this missive and two tables. First, supply and demand drive real estate. And you can see from our first chart that the number of dwelling sales – that is, the demand side of…
There was a lot of talk last year about Melbourne’s population overtaking Sydney. This is because there are two main definitions for the metropolitan areas of all the capitals, and both were updated for 2022 and released by ABS last month. So, there are essentially two competing definitions for what constitutes an Australian capital city….
Here are two numbers worth remembering: 4 and 13 4 Since 1980 the time between house price growth peaks is four (4) years and not the often quipped seven (7) years. And it would appear that the time between peaks is getting shorter. This makes sense given the way we receive information these days and…
In Australia, Millennials born between 1981 and 1996, are shaping the housing landscape with their unique preferences. Today this cohort is between 28 and 43 years of age. There are over 5.84 million Millennials in Australia, and this generation is expected to grow by 108,250 people per annum over the next five years. If this…
Much is written about population growth and its positive impact on most things economic. But there is also a sting in that tale. Despite the intelligentsia telling us the opposite, the number of vehicles per capita, is on the rise in Australia. It is currently 794 vehicles per 1,000 bodies. It was 777 just before…
To find out the answer we undertook a study to help provide us with some guidelines and found that certain types of views added a different value to a property. Our work identified the different views available and then we looked at how much they can increase a dwelling’s value. Our investigation was also based…
Building homes is restricted mainly by planning red (and green) tape, high taxation, government munificence, and not being able to easily build what the market wants and/or can afford. Now that is off my chest – hopefully for the last time for a while – let me outline why stopping overseas migration isn’t really a…
Did you know that there are some one million unoccupied private dwellings across Australia? Yes – that’s what the latest Census tells us. This equates to about 10% of Australia’s private residences. What does an unoccupied dwelling mean? According to the ABS, an unoccupied private dwelling is: a vacant one at the time of the…
I like to use three boxes to explain most things residential. They are known as The 4’s. 4W 4Q 4P The Four W’s. We originally these here and it’s the What, Who, When, and Where 1. What Here, four things matter most – without wanting to place catchy caps on everything – I call…
Let’s dive into some intriguing numbers about where Australians are living now and where we’re headed in the next decade. First up, check out Table 1. Some 7.8 million children – a whopping 30% of the population in 2021 – were living at home with their parents. Just under four-fifths (77%) lived with their coupled…
