Luke GrahamLeave a comment
Last month, we reported on the strong auction clearance rates experienced by Sydney in the new year. In the short time since, Sydney’s auction clearance rate has climbed by more than 10 percent. Domain has reported an 84% clearance rate from last weekend, up from just 57% at the same time last year. This significant transformation cannot be understated.
Luke GrahamLeave a comment
In the mid-19th century, gold was discovered in what is now known as the Victorian goldfields. In the coming years, the young British colony at the bottom of the world would endure its infamous gold rush. This would leave a lasting legacy on Australia’s national identity, including events such as Melbourne’s rise to rival Sydney as a commercial powerhouse, as well as the Eureka Stockade. During this era, Melbourne was rumoured to be the world’s wealthiest city, overtaking established behemoth cities such as London, New York and Paris. The indulgent architecture of the City of Melbourne is one of the few remaining visible relics of this time.
Luke GrahamLeave a comment
There are a whole lot of property investors in Australia. Almost 2 million, actually. But among those property investors and many others to come, there is a divide between the real and the pretend.
Luke GrahamLeave a comment
Data from various sources indicates that inner-Brisbane suburbs are showing stronger signs of performance into 2020. Australia’s third-largest city experienced a high level of anticipated demand for new housing as major infrastructure projects drove investment in the area. Some parts of Brisbane, particularly inner-city apartment markets, experienced a period of market volatility as a spike in residential property supply influenced sensationalist commentary and bizarre forecasts. This further fuelled irrational investor activity such as premature resales.
Luke GrahamLeave a comment
We are only a few weeks into 2020, but our predictions about a strong start to the year are already beginning to materialise. REA reports a further hike in New South Wales’ auction clearance rate last weekend, now at 73 percent from an already-promising level around 70 percent at the end of 2019. Victoria and Queensland still have a little catching up to do on this metric, reporting 57 percent and 50 percent respectively.
Luke GrahamLeave a comment
In 2019, Blue Wealth Property celebrated our 10th anniversary. In an ideal world, every one of the hundreds of properties we’ve recommended over this time would still be held by our clients. The property market has changed a whole lot since we started. Australia skimmed by the global financial crisis and its aftermath, a minerals boom and contraction, as well as multiple market booms, stagnations and corrections across the country. The RBA cash rate plummeted from 7.25 per cent to just 0.75 per cent. There have been changes to the construction industry, banking and finance, as well as our very own research model. The Australian population grew by 18 per cent, from 21.7 million to 25.6 million.
Luke GrahamLeave a comment
Happy New Year and welcome to an all new decade!
Luke GrahamLeave a comment
Population growth has a self-evident impact on housing: if more people live in Australia, there will either need to be more homes built for them, existing homes will become overcrowded, or homelessness will skyrocket. This is why Population and Demographics feature prominently in our research model.
Owun TaylorLeave a comment
A terrible thing about growing up is thinking about all those grown-up things. Understandably, dying is not something any of us really want to dwell on. However, if no will is found on that fateful day, it is usually presumed you passed away intestate. That is, without a will.
Helen MatsoukasLeave a comment
The year is 2001. Its 6:45pm on a Thursday evening and I’m doing what most leasing managers were doing at this time of night: sitting on the phone with The Age classifieds. Why? To place my listing ads for the coming weekend’s open for inspections. The process is mundane, to say the least. The conversation goes back and forth until we have explored every possible acronym which minimises the number of characters used. Hopefully, this time our marketing spend doesn’t blow out… again!
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