We all know that jobs growth, wages growth, population growth and economic growth help supports our property markets. So here’s a quick summary of the future of jobs growth in Australia: 885,000 new jobs are expected to be created across Australia over the next five years 85% of which are likely to be in NSW,…
In turbulent circumstances it often pays dividends to set the appropriate tone upfront. The Australian housing market – as seen through the news and other media – will mostly be a depressing place in 2019. And if not disheartening, then contradictory at best. The headlines will tell us about falling prices; rising costs; declining sales;…
Here’s 10 things for 2019 1. Politics. I don’t want to wax lyrical here, just to say there is likely to be a May federal election. So, it will be a year of two halves, with stuff-all business wise happening until the election – and post the event and regardless of result – things economic…
How long does it take you to commute to work? Is it really taking longer today than it did 5 years ago? The Grattan Institute recently released another great report on Australia’s urban landscape. To read the 87-page report go here. But for those of you that are time short, I have pulled together 10 things you need…
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…
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…
