How is Australia’s housing ownership broken down in terms of tenure – in other words, who owns it, who lives in it and how do they live? I collated data to answer this question and found some interesting results. To start with, most homeowners are either couples or live alone as they are typically older…
With everything that the nation has gone through – pandemic, interest rate, etc., does Australia have more property investors? As a matter of fact, yes. Based on the latest data I collated, the number of property investors has increased by 240,000 or 13% over the last five years. In fact, about two (2) million or…
What’s the latest in housing occupancy and costs? I collated data from the latest statistics released by the ABS and here are the key findings I found along with my insights presented in 2 charts and 2 tables: On home buying and equity There were 1.1 million Australian dwelling transactions during 2020, of which 14%…
The big shift to regional Australia is indisputably on. This topic has got a massive head of steam. To be a bit flippant, it needs a good slapping down. Below is a recent press clipping from The Oz newspaper. To repeat there is no race to the regions. If my recent conversations are any guide, then a lot of…
A few weeks ago the ABS released some updated population growth figures. In short, for the year ending September 2021, Australia’s population grew by 70,000 people. The big winners in the population growth stakes were: Queensland, up 58,000; New South Wales, up 24,000 and Western Australia, up 18,000. Victoria lost some 33,000 people over that…
Let’s start with some numbers. There were 717,000 new home loans across Australia over the last twelve months. This excludes refinancing. This is up by 31% from the year before. Around half of these loans were to owner residents who have bought a dwelling in the past. These borrowers are what the real estate industry…
Wondering what’s happening in our rental markets? Let’s start with some helicopter numbers. Table 1 outlines the current housing rental vacancy rates across the larger urban areas in Australia. Most locations have a vacancy rate under 1%. Weekly rents for detached houses have risen by 15% over the last twelve months. It now costs, on…
It seems that everywhere you turn these days some talking head is prattling on about regional population growth. This post aims to provide further clarity to this conversation. I have included two tables and two charts to help explain why I think it is a load of poppycock and that the regions aren’t growing that…
This week I want to cover the Australian economy. Well, my take on things economic. And in particular, I want to put a final nail in the ‘wage growth is coming’ palaver. I will try to Keep It Simple Stupid (KISS), not for you so much dear reader, but for my dull intelligence. Eight charts…
Supply and demand has always been a major factor driving our property markets So let’s start with some numbers. These figures are for Australia and cover the 2021 calendar year. Detached houses Annual demand (sales): 425,000 Supply (Listed for sale): 158,000 (as of January 2022) Supply in months: 4.5 Annual price growth: 25% Attached dwellings…
