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Some quotes from Michael Matusik

We don’t often do this, our but congratulations go to Karen Le Comte and Julian Clifford of Smartline Personal Mortgage Advisers Cleveland, who approached us recently with a request to use a compilation of quotes from yours truly, and a plan to distribute them.

The Smartline group seem to be embracing the digital age in a positive way that proactively supports the property industry.   We need more like them.

Here’s part of what they put together:

Michael’s latest initiative, Think Matusik, brings together expert opinion and select property opportunities.

  • If we look at every mortgage that was taken out in Australia last year, the average deposit was 32% of the property value, which means most new borrowers have a third share or equity in the dwelling they purchase.
  • Over the past five years, the average Australian household has been saving 10% of its income per annum.  This has been done by paying off mortgages ahead of schedule, rather than reducing payments when interest rates have declined.
  • The housing future looks bright, with auction clearance results now hovering around the low 60% mark.  Clearance rates over 50% means that prices should continue to grow.  In addition, the amount of resale stock on the market continues to fall. Stock levels have fallen since the beginning of this year.
  • According to the Australian Bureau of Statistics, residential rents across Australia have been rising, on average, by 5.7% per annum over the past five years.  Rents in Brisbane have increased by a solid 6% per annum.
  • Rental vacancy rates remain tight.  Of the 1,600-plus postcodes across Australia with rental properties in them, 475 or 30% have a vacancy rate under 1%.  Seven out of 10 postcodes have a vacancy rate under 2%, and nine out of ten (87%) postcodes have less than three out of every 100 rental properties vacant.
  • About $650 billion is invested in Australian SMSF (self-managed super funds).  Residential property currently accounts for just $15 billion of SMSF assets. By 2015, these funds are expected to grow to $1.5 trillion – compared to the equities market’s $1.2 trillion. And SMSFs are expected to balloon to $3.3 trillion in value by 2026.

Well done and thanks for saving me the trouble.

And everyone have a safe Easter.

Michael Matusik is the director of independent property advisory Matusik Property Insights.  Matusik has helped over 550 new residential developments come to fruition and writes the weekly Matusik Missive.  The Matusik Missive is free, however, reprinting, republication or distribution of any portion of this material, or inclusion on any website, is strictly prohibited without the written permission of Matusik Property Insights and may incur a charge.



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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


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