Dr Tony Hayek3 Comments on The Lucky Country: Understanding Australian Population Growth
Investment property and immigration are two sides of the same Australian coin. This ever-increasing population needs somewhere to live! The Australian economy and taxation system are engineered to reward investors for accepting the risk and responsibility of providing this housing.
Dominic CavagninoLeave a comment
Melbourne is Australia’s second largest and fastest growing capital city, with projections indicating that the population of Melbourne is likely to overtake Sydney by 2051. This strong population growth and relative affordability were major drivers for growth in Melbourne’s housing market between 2011 and 2017.
Jack GuthrieLeave a comment
Australia is a young country, federated a mere 117 years ago. People have actually outlived our nation. We may lack age, but with an estimated resident population of 24,590,400 our society is exceeding expectations. We hit a population of twenty-four million seventeen years ahead of Australian Bureau of Statistics forecasts, outperforming long run trend expectations that we would reach current numbers at most by 2031.
Frank PaulLeave a comment
Australia’s big three cities are some of the fastest growing major cities in the developed world. They are immigrant cities that are constantly contending with very complex supply and demand dynamics, meaning that the system is never perfectly balanced as it is constantly crisscrossing between over- and under-supply. These are the normal market dynamics of a growing city.
Dominic CavagninoLeave a comment
I can’t count the number of times I’ve been asked, ‘What makes a property market grow?’ Unfortunately, the answer isn’t so simple as there are numerous contributing variables. Certain markets rely on specific drivers to buoy or grow property prices. There is, however, one underlying answer: simply put, property price growth is a function of supply and demand. When the pendulum swings in favour of demand we tend to see growth in property prices. Alternatively, when we see markets experience excess supply, growth typically remains subdued.
Jack GuthrieLeave a comment
When purchasing an investment property, a crucial part of asset selection should be based around the future demand of tenants and buyers. After all, the world around us is continually changing and anyone who has lived in Australia for the last thirty years can tell you how much. Therefore, as an investor you should be assessing what is likely to induce the highest demand when it comes time to rent or sell.
Jack GuthrieLeave a comment
In late November 2017 Sydney’s median dwelling value shifted to $904,041 according to research conducted by CoreLogic, making it the most expensive city in Australia for the tenth consecutive year.
Jack GuthrieLeave a comment
Melbourne’s market has gone from strength to strength in the last few years. Property price growth and sustained rental demand has been spurred on by high levels of population growth.
Dominic CavagninoLeave a comment
When it comes to investing in property, there are many questions that need answering. Undoubtedly the most important one is ‘Where should I invest?’ That is, where should you invest a large sum of money that has the potential to make a significant impact on your financial position. We often speak about investing where the opportunities are, which could mean searching well outside the area you live in. The reality is that for the average Australian their understanding of the property market doesn’t go much further than the suburb they live in.
Dominic CavagninoLeave a comment
For some time now, the Sydney property market has outperformed the nation. However, all good things come to an end. Property markets are cyclical and typically a market cycle spans over a ten- to fifteen-year period. Throughout that time frame a market experiences periods of opportunity, value, growth and correction.
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