Gavin ChauLeave a comment
The houses vs unit thing must surely be one of the most overdone property articles ever. I got another grey hair just thinking about it. But let’s have a go anyway. To me, there are only two legitimate reasons to buy a unit over a house, and both are related to affordability
Gavin ChauLeave a comment
Anyone running a business would know how hard it is to find workers at the moment. Dan Murphy’s is offering on-the-spot job interviews to anyone that expresses an interest to a team member in any store between now and September 11. Other companies are offering substantial sign-on bonuses such as $10,000 for truck and excavator operators for Thiess (on top of a $142,000 income), $6000 to join Volkswagen as a mechanic in Sydney, $5000 to join a plumbing business in Newcastle, and $5000 to become a nurse unit manager in Western Australia.
Gavin ChauLeave a comment
In case you hadn’t noticed, the news cycle has switched bearish, with ANZ predicting a property market crash of 18% in capital cities. Before we all panic, banks have historically had a terrible track record in predicting property market movements. To put this in context, the Melbourne property market hasn’t had an 18% drop in at least 141 years.
Joshua MellickLeave a comment
Victoria’s government has now surpassed all other jurisdictions regarding infrastructure spending. A vast $90.2 billion has been promised for the next four years. This equates to almost $1.9 billion every month until mid-2025. This implies Victoria will spend 24 percent of its total government sector expenditure on infrastructure, a record in the Budget Monitor’s history.
Joshua MellickLeave a comment
In today’s world, renters account for just over 30 percent of Australian households. This is about a third of the population, significantly increasing from just approximately 25 percent of homes 20 years ago.
Helen Matsoukas1 Comment on Is the rental crisis a crisis?
‘Crisis’ – A time of intense difficulty or danger. A time when a difficult or important decision must be made.
Gavin ChauLeave a comment
Sometimes it feels like we’re living in The Matrix, where the reality we are presented with is just an illusion. The US has officially recorded a second consecutive quarter of negative GDP – the standard definition of recession. However, the US Federal Reserve chief Jerome Powell says he doesn’t think the US is in recession… because they’re apparently redefining what a recession means.
Gavin ChauLeave a comment
When I was talking to my colleagues Shelly and Julian about the images for this blog, Shelly commented on how picturesque Queensland was. That was a good reminder to take a break from looking at the data and get outdoors from time to time!
Gavin Chau1 Comment on Have we already reached peak inflation? And what this means for the property market
With the price rises of lettuce, petrol, building materials, wages, rents, and just about anything you can think of lately, the topic of inflation keeps popping up. Of course, the response by the central banks is to raise rates. This has taken the heat out of risk on assets such as shares, cryptocurrencies, and property.
Gavin ChauLeave a comment
It seems that we’ve had quite a few questions relating to the Perth housing market from the blog posted a fortnight ago, so let’s take a deeper look at the macro drivers. From the previous article, we’ve established that the Western Australian economy and housing market have had a heavy reliance on Chinese demand for commodities. I think the market can do quite well in the next housing cycle, but at some point, in our lifetime China will run into a demographic timebomb. Let’s have a look at how this could potentially play out for property prices in Perth.
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