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
Much is written about population growth and its positive impact on most things economic. But there is also 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 776 vehicles per 1,000 bodies. It was 723 a decade ago and…
I am often asked about when it is the best time to sell a home. Most think it is spring. And yes, it is slightly better but only marginally so. As a summary across all capitals – 21% of sales take place in summer; 26% in autumn; 25% in winter and 27% in spring. New…
Many want to reassure us that the current slump in wage growth is just a temporary thing. Yet despite rising business profits and apparently low unemployment, many are taking less money home (per hour worked) than they were in the past. Limited wage growth and increasing job insecurity – I think – will be the…
One minute read Some 1.1 million new homes have been built across Australia over the past decade. According to the census, most were detached houses, followed by townhouses and then apartments. With regard to housing tenure, in this Missive, we have included two tables. Table 1 Australia, change in housing tenure, 2006 to 2016…
The chart shows the number of dwellings approved, but not yet started. It is one of those rare property charts where, if the lines go down, it is a good thing. At present, some 9,500 detached houses have been approved but haven’t yet commenced construction. This is about a ten percent of last year’s detached house approvals. But…
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…
Density must be off-set. That’s a good yardstick. The chummier our homes – think apartments – the bigger and better the outside space needs to be. Brisbane is planning to become a very urban city, with many more residents living in mid to high-rise apartments and many of them in the downtown area. That makes sense,…
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…
Here’s a quick summary of the Australian economy (well the one that really matters). Let’s call it 10 Things Economic. 1. Working longer hours for less pay per hour. 2. Stuff all wage growth, which is unlikely to change – digital stuff, automation, the internet of things, baton change to service industries and importantly low/declining productivity. 3. Many already underemployed, with…
There is a lot of new construction going on. We have been experiencing a building boom and are now getting set for a surge in new infrastructure. Both are largely influenced by government pump-priming — high levels of migration; low interest rates; loose foreign ownership/investment rules and debt. True, that without this, our rate of economic…
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