People appear to be ageing in place. The latest statistics suggest that homeowners are staying in the same digs, on average, for 11 years. This is up from 7 years a decade ago. That’s a 59% increase. My chart shows that this increase is widespread. The high and rising transaction costs plus limited affordable housing…
Articles by Michael Matusik
Michael is director of independent property advisory Matusik Property Insights. He is independent, perceptive and to the point; has helped over 550 new residential developments come to fruition and writes his insightful Matusik Missive
What does the future hold for property? For mine demographics shape almost everything. Future demographic shape If that is true, what does Australia’s demographic shape look like over the next decade. The first table shows that baby boomers, who were helping drive generic house price growth over the past two decades, are now starting to…
Lots of absolute toss is written about the first home buyer in Australia. And the commentary varies in the extreme – from how active they are; to how lazy they seem and that they want everything on a silver platter. And now the Federal government has unveiled their scheme to help up to 10,000 first…
What is Australia’s PIN CODE? You know that 4 digit number that you need to unlock your phone or get the credit card to work. For mine it is 1 1 1 1 See the graphic below. It shows the likely distribution of a variety of important housing-related things over the next decade. The simple things…
How low can they go? Most of those working in the dismal science are calling for several more drops in the RBA cash rate, with some calling out a 0%. Interestingly many of these same cats were talking about interest rate rises only 12 to 18 months ago. The chart shows that falling interest rates…
A few weeks back BIS Oxford Economics made a big call, suggesting that the median Brisbane house price could rise by 20% or by $113,000, over the next three years. This made the front page of several newspapers and split the online real estate community with many sharing the prediction as if it was the gospel…
I keep getting emails telling me about how much more affordable housing has become now that interest rates are declining. Yet the evidence is wafer thin, with more often than not, an index chart attached to the spruik which needs a magnifying glass and a lot of imagination to see any actual improvement in housing…
Our cities are going to get bigger. We shouldn’t waste our time trying to stop this. So this week I look at the projected increase in the number of households in Australia. I have included two tables below. Key points The forecast is that we will see the creation of an additional 1.56 million households…
It was all doom and gloom in the lead up to the federal election and now, apparently, the housing market is set to improve, with some predicting another boom. Hmmm. For mine nothing has really changed as the Australian housing market still faces the same range of issues. 10 Things Future Housing List I like…
“The roads are clogged; the buses and trains are full. The schools are taking no more enrolments. I hear what you are saying. I hear you loud and clear.” Scott Morrison, Australian Prime Minister, November 2018. In March this year the PM announced a 15% cut in the ‘official migration ceiling’ from 190,000 to 160,000…
