What's Hot & Cold in the Australia Property Market
Each week our research team selects some of the hottest updates and news feeds from around Australia reporting on what's driving their property markets and prepares an exclusive snap snot for our members.
We monitor everything from private and public investments to property supply issues that help us determine what area is set to explode and become Australia's hottest property markets .
Whilst the below is a snapshot, if you want to discuss our updates in more detail, please call our office on 02 9917 8600 . We have inserted our research links for each update to give further information on what we are reporting on for each state.
If any members have any questions, please click here and send us your details.
This Weeks What's Hot & What's Not - 16th August 2012
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NSW - "Regional centres outperform cities"It’s nice to be able to keep this bit short. We’ve addressed these issues with you over the last couple of years and we’re glad to see others getting the point. Some simple truths -
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QLD - “Qld ‘muscle cities’ a demonstration of this"This one confirms a lot of what we already know. Qld has some of the best and worst investment locations in the country. One month is also too short a time to depend on real estate statistics. A downturn in activity is a bit of a pointer to the flightiness of short term stats and may even lend some weight to the unproven argument that property sentiment is less positive in winter. Certainly the impending first home owners grant on July 1 st has had some effect. Unsurprisingly, the coastal ‘muscle’ cities are broadly seeing demand, and in the inland, Toowoomba is on the move. |
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NextHotSpot Exclusive - FINISHED Water front apartments in NEW FARM, BRISBANE under $450k - Dont Miss OUT!...Exclusive to our NextHotSpot members, we have secured a range of 'finished' apartments in one of Brisbane's best performing suburbs, New Farm, on the water and only minutes to Brisbane's CBD. These residential apartments are also available with a furnitiure package offering even stronger rental returns in one of Brisbane's best performing rental suburbs. With such a low price point they will offer fantastic great capital growth potential for investors in the future. With Brisbane set to grow off the back of the billions of dollars getting invested in its mining industries and the fact this property is located in one of Brisbanes most desirable suburbs, these properties could be perfect for you! |
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WA - "Housing stress in Perth"One of the unfortunate consequences of rapid capital growth in property values is the housing stress it creates. Unfortunate but a reality. One of the answers for investors is to provide affordable housing. We view property investments as “boxes to make you money” and believe that we as investors need to remain unemotional about our investments. By no means be a “slum lord” but don’t overcapitalize either. Provide solid quality affordable housing options. Click here to launch this week's NextHotSpot media link
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NT - "Stats show momentum picking up in the Top End"Reading real estate statistics can be a difficult game. Median pricing is often misleading as it draws on sample pools than may or may not reasonably reflect the overall quality of an area. A year is usually too short a time to create an adequate pool of transactions for the median pricing approach, but 10 years in many areas is ok. With rentals, and a higher level of turnover, a year in a large centre offers a trend. These numbers are unsurprising given the trend in Darwin. The only concern is that they are backwards looking and need to be understood in conjunction with what is coming to the region. The drivers are strong in Darwin. As one example, most of the 3,000 or so construction workers required for the Inpex project construction are yet to arrive, let alone the spinoff effect their arrival will have. The ‘Top End’ has a bright future. Look for stock in the cheaper areas of Palmerston that will house most of the arriving workers. Land can still be picked up in the mid $200,000s and the market is moving. Click here to launch this week's NextHotSpot media link
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VIC - "Victoria branded “the recession state”We’ve often suggested to you that Terry Ryder is one of the property commentators worth reading. We don’t always necessarily agree with him but he does his research and makes reasonable comment. We couldn’t agree more with his assessment of Victoria’s prospects in this recent column. “Victoria will soon be known as the recession state. While the state government is spreading its austerity message, major businesses are cutting jobs and closing down enterprises. The latest quarterly survey by the Victoria Employers Chamber of Commerce and Industry found businesses believe conditions are the worst since 2009, and two-thirds expect matters to get worse.” Terry’s recent review of the states - Click here to launch this week's NextHotSpot media link
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ACT - "Confidence low in Canberra, and not just in our pollies"As touched on above, quarterly dwelling prices are too unreliable for you to hang your hat on. These interest us because they support our suspicions about Canberra property in 2012 – it’s long term strong but has a bunch of problems at the moment leading to low consumer confidence. As a sideline, we were interested in Victoria’s and Tasmania’s numbers as well |
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Your chance to see the NextHotSpot as a KeyNote Presenter on the Australian Property Market!Attention all NextHotSpot members ACROSS AUSTRLIA ! If you only attend one Property Conference this year, make sure it’s this one... Our very own Luke Berry (co-founder of NextHotSpot) is presenting a fast paced update on the Australian Property Market natioanlly with TGR Property Seminars. So regardless if you are in Perth or Sydney, click below to see when the next event is on and register your details. SPECIAL OFFER: If NextHotSpot members register at least 3 days before an event, they qualify for FREE TICKETS (Ticket prices are $497 per person), so don't miss out! |
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SA - “BHP the elephant in the big top, but the carnival hasn’t started"Meanwhile, over in the “Festival State” the property investment carnival won’t kick off until the elephant in the room makes a move. The drawn out saga of BHP Billiton and Olympic Dam. The state government is looking at, but as yet uncommitted to taking steps like a cut in stamp duties to stimulate property markets. All prepositioning seats in the big top but crowds will wait for the elephant to get active. |
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