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66 minutes | a day ago
Why Now Is A Great Time For Brisbane Landlords
The Brisbane market is rising, boosted by its relative affordability, a big infrastructure spend and the prospect of hosting the 2032 Olympics. Demand from home-buyers and investors, including large numbers of interstate buyers, has resulted in a massive uplift in sales activity – and prices are responding. At the same time, rental vacancy rates are low in most parts of the city and there is great potential to lift rentals and yields. On Wednesday 12 May, Hotspotting founder Terry Ryder hosted a free webinar featuring leading Brisbane real estate professional Mark Shorrock of Bluestone Property Management & Sales where they discussed ways for investors to benefit from the rising tide in the Brisbane market. Shorrock presented case studies showing how investor owners can achieve rental increases of 10% or 15% in a market characterised by high demand and low supply.
2 minutes | 12 days ago
When everywhere is having a price boom, how do you choose where to buy?
When everywhere is having a price boom, how do you choose the ten best places to buy? Right now, it feels like you could throw a dart at a map of Australia and buy wherever it lands – and you’ll get capital growth this year. But investors should be thinking beyond the current boom and taking a longer-term view. In times when buyers are busy, homes are selling quickly and prices are rising month by month, it’s critical that investors avoid being reckless. It’s important to examine the credentials of locations and their potential to deliver sustainable long-term growth. In considering our choices for this new edition of the National Top 10 Best Buys, we have looked at the more distant horizons. We have opted for locations that … Offer a reasonable level of affordability Have low vacancies and rising rentals Are underpinned by a strong and diverse economy Have good existing amenities plus spending on new infrastructure Fit the key trends that are likely to drive markets for the foreseeable future Have not yet approached their market peaks. Our new Top 10 list has locations spread across Australia and has a mix of capital city and regional locations. They’re all places with great potential to deliver for investors. So get yourself a copy of the new edition of our most popular product, the National Top 10 Best Buys report.
60 minutes | 12 days ago
The New Home Concept That Doubles Investor Returns
New research has shown that traditional rental properties fail to fulfil any of the major wish-list items of tenants. At the same time, investor owners often get disappointing rental returns from typical houses. But a new housing concept now emerging in key market hotspots is addressing both problems. Research by the Gallery Group, which gathered feedback from 1,300 tenants who were sharing homes with others, provided surprising results. Gallery Group CEO Adam Barclay says lone-person households are the fastest-growing segment in the market so they asked members of this cohort the kind of rental accommodation they wanted. And the features these typical tenants wanted most were a private bathroom, a lockable pantry, fully-furnished premises and bedrooms that were air-conditioned and lockable – and without the owner living on the premises. Most typical share houses or apartments fail to provide these desirable features. This has given rise to a new concept dubbed Co-living – where purpose-designed new homes provide individual rooms with their own bathrooms in what looks like a conventional three-bedroom modern house. Such a home in, say, Logan City in Brisbane’s south might rent for $400-450 per week as a conventional dwelling, but as a Co-living home each room can be rented separately for $275, totalling $825 per week. On Wednesday 28 April, Hotspotting founder Terry Ryder hosted a special webinar on Co-Living, featuring buyers’ agent Scott Northcott of Property Hotspot and Adam Barclay of Gallery Group.
2 minutes | 21 days ago
Top 5 Perth Hotspots - April 2021
The long-awaited upsurge in the Perth market is upon us. Perth has transformed from recovery to boom in the space of a few months, with a doubling in the number of suburbs with rising markets. Our Summer 2020-21 survey of sales activity identified 59 rising suburbs across Perth, the highest in the six years we have been conducting our quarterly surveys. But our latest (Autumn 2021) survey finds that the number has doubled to 118 suburbs, a remarkable change in just three months. This uplift in buyer activity is being reinforced by other data, including very low vacancy rates, rising rents and increasing levels of price growth. This avalanche of strong, positive statistics coming out of the Perth market coincides with the publication of our new edition of the Top 5 Perth Hotspots report. It reveals that rising markets are spread right across the Perth metropolitan area and include a broad range of price points. But the greatest momentum is at the affordable end of the market, with strength also evident in middle-market areas. The LGA of Wanneroo in the far north has 14 rising suburbs, driven by first-home buyers and other owner-occupiers on a budget. Many are suburbs with median prices in the $300,000s and $400,000s. The City of Stirling, which regularly features in these reports, also has 14 rising suburbs. Stirling is a middle-ring LGA with a wide range of suburbs with different price points. The significant upturn in sales activity recently is starting to translate into price performance. In the past 12 months, 60% of Perth suburbs have recorded growth in their median house prices, but in the most recent quarter 78% have had price increases. I expect this momentum in Perth prices to continue and it’s noteworthy that most forecasters expect Perth house prices to increase 10% or 15% in the next 12 months. To find out the best places to buy in this strongly rising market, get yourself a copy our new Top 5 Perth Hotspots report and have a read today.
2 minutes | a month ago
Top 10 Victoria Hotspots
The growth being displayed by markets in Melbourne and Victoria is extraordinary, given the circumstances that have impacted these places over the past 12 months. Melbourne, which has been affected by lockdowns more than any other part of Australia, was the major market which suffered the most in 2020. But it has come roaring back to life, with a recovery which has stunned many observers. According to CoreLogic figures, Melbourne house prices rose 2.6% in March and 5.6% in the March Quarter, while apartment prices increased 1.7% in March and 3% in the March Quarter. This is happening on the back of significant uplift in sales activity, at a time when the number of listings of properties for sale remains low. Inevitably, prices are rising. Meanwhile, Regional Victoria continues to be one of the nation’s strongest markets. Regional Victoria has been a national leader of the most dominating trend in Australian real estate, the one I call the Exodus to Affordable Lifestyle. This has been driving regional markets in the state for the past three years or so – and it continues to do so. Overall, house prices in Regional Victoria have grown 10% in the past 12 months, while apartment prices are up 13.5%, and there are many locations in Regional Victoria where prices have increased 15% or 20% or more in the past year. This week we have published our Victorian Bundle – which comprises our Top 5 Melbourne Hotspots report and our Top 5 Regional Victoria Hotspots report. We provide the two reports together at a discounted price so that you can access our ideas on the places to invest in one of the nation’s strongest capital city economies and in one of the most vibrant regional jurisdictions – indeed the one that has been the front runner of the most dominant trend in the country, the Exodus to Affordable Lifestyle. https://www.hotspotting.com.au/product/vic-bundle/
2 minutes | a month ago
The Ryder Report April 2021
One of the best ways to analyse and understand the nationwide real estate boom that’s currently sweeping Australia is to read Hotspotting’s bi-monthly newsletter, The Ryder Report. This is a 25-page report which covers events and topics relevant to all corners of Australia. And in this new April 2021 edition I explore some of the core issues, including the likely impact if the Reserve Bank changes its mind and decides to lift the official interest rate. There’s a lot of media speculation about whether or not the RBA will lift the cash rate – despite its repeated statements that it won’t change the rate until 2024 at the earliest – and what the likely impact would be if it did so. One of the reasons why economists and journalists are so fixated on the possible impact of an interest rate rise is because they think that low interest rates are the cause of the boom. But they’re wrong. It’s not. There are multiple strong reasons why we have this strong nationwide upcycle. I have 15 dot points on my list of growth drivers and in this edition of The Ryder Report I list those reasons. Also in this edition of The Ryder Report, we publish excerpts of a report written by the man I regard as Australia’s best real estate research analyst, Simon Pressley of Propertyology. He says that Australia has the best conditions for capital growth in 15-20 years and that it’s likely that property values will double in this five-year growth phase. And there’s a whole lot more in this edition of The Ryder Report. We analyse prices, we refute recent examples of media misinformation, we highlight specific growth markets, we provide special tips for investors, and we provide a state-by-state review of all the major events and issues in residential property across the nation. So make sure you get your copy of the April edition of The Ryder Report, to ensure that you are fully-informed about the great Australian real estate boom.
62 minutes | a month ago
Beyond Locations: Investment Fundamentals for a Portfolio Grade Strategy
When we consider property investing, location is usually at the forefront of people's minds. And for good reason. But is this the right starting point? In this webinar, Hotspotting's Managing Director, Terry Ryder, and AllianceCorp's Managing Director, Jason Paetow delve into the other investment fundamentals to consider. When building a property portfolio, our mindset needs to shift to property wealth planning - taking a broader approach - rather than honing straight in on locations. Through this process, we are able to determine which locations and what types of properties will ensure the best financial outcomes for clients. The two leading property investment and location experts discussed the importance of the Portfolio Grade strategy and under what circumstances some locations are better than others. They also discussed a number of top locations for your portfolio, in the current rising market, taking into consideration a tailored strategy for each client.
3 minutes | 2 months ago
Australia’s Infrastructure-led Property Boom: National Top 10 Hotspots
Federal and state political leaders intend to generate an infrastructure-led economic recovery in Australia. This will turbocharge the residential property boom which is already well under way across the nation. Infrastructure spending is always a key driver of growth in residential property markets and government plans to fast-track shovel-ready projects will enhance the established trend of rising markets in many parts of Australia. The research conducted daily by the Hotspotting team places considerable emphasis on announcements of major new infrastructure developments. The best places to invest have impact from infrastructure in two key ways: 1 Existing infrastructure (public transport, schools, medical services, retail outlets, etc) and 2 Spending on new infrastructure. New infrastructure is particularly influential on generating growth in residential property markets. Our belief is that no other factor impacts property markets as strongly as major new infrastructure spending. That impact occurs both during construction and after the facility is completed. Infrastructure such as new motorways, rail links, hospitals and universities improve the amenity and desirability of the locations directly impacted. These projects generate major economic activity and employment – and from that flows demand for real estate. From 2013 to 2017 both Sydney and Melbourne had significant real estate booms, but this was not replicated in other parts of Australia. During that period, the markets in Perth and Darwin were in reverse, and those in Brisbane, Adelaide and Canberra were largely stagnating. The fundamental difference - between the markets that were booming and those that were not - was the infrastructure spend. Both Sydney and Melbourne were investing tens of billions of dollars on new infrastructure. As a consequence, the economies of the two biggest cities were strong, as a time when the other cities were weak or in decline. We have seen major infrastructure spending transform local economies and their property markets in many significant regional cities across Australia. Projects totalling more than $20 billion have transformed the Sunshine Coast from a tourist town to an international city and it currently has one of the strongest property markets anywhere in Australia. Newcastle, Geelong and Wollongong are all regional cities which have transitioned by older-style economies based on manufacturing to prosperous modern economies through spending on new infrastructure and the generation of new employment sectors. Growth property markets have emerged from the transition in these places. For all these reasons, a new report created by Hotspotting is more important than most. This report is titled: “Australia’s Infrastructure-led Property Boom: National Top 10 Hotspots”. We’ve just published the new 2021 edition. It’s a report that encapsulates the essence of the national property boom. So get yourself a copy today.
74 minutes | 2 months ago
Webinar replay: Why Invest in Brisbane
It’s puzzled many property observers in recent years. Why has Brisbane been so quiet? But not any more. Brisbane’s time to shine has arrived. Sales activity has soared in the past six months and prices are starting to rise. This dramatic change in the Brisbane market – from dormant to dynamic – is happening for clearly identifiable reasons. All the drivers that propel property markets forward are now in alignment. Brisbane is now one of the nation’s most compelling markets. It’s becoming recognised as the place to invest and a city ripe for new activity by property developers. The prospect of a Brisbane Olympics has made it even more enticing. Hotspotting founder Terry Ryder is hosting a special webinar event on Wednesday evening, 24 March, to discuss the perfect storm that’s gathering for a Brisbane real estate boom. The webinar will … • Explain why Brisbane’s time has come • Outline the key drivers of the Brisbane boom • Discuss the best places to buy • Identify opportunities for developers and investors • Launch a special “Why Invest In Brisbane?” report which will be made available to a limited number of businesses.
71 minutes | 2 months ago
Is This The Perfect Storm For Investors?
The current market presents a perfect storm for real estate investors if they buy sensibly in the right locations. In our free webinar on 17 March, leading investment expert Danny Buxton of Triple Zero Property Group will discuss why this is so with Hotspotting founder Terry Ryder. Vacancies are almost zero Rents are increasing Buyer demand is strong Prices are rising quickly The boom has longevity because there are multiple strong drivers. The key for investors is to find ways to "future proof" their investments. Buxton says investors need to be careful about where and what they buy, to ensure that they maximise their growth in the long-term. "It's not just about making money in the short-term," he says. "It's about making sure the growth is sustainable." Buxton will demonstrate, with recent case studies, how investors can achieve growth with new builds in the current market climate.
2 minutes | 2 months ago
Top 5 Regional Queensland Hotspots
Regional Queensland right now is one of the nation’s leading boom markets. It has more locations with rising sales activity than any other market jurisdiction in the nation, including all the capital cities. There are growth markets up and down the Queensland coast, from the Gold Coast in the south to Cairns in the north, and heading inland to important regional cities like Toowoomba. Perhaps the standout feature is the uptick in activity and prices in the past three or four months. Three months ago, when I did our quarterly survey of sales activity, I found 72 locations in Regional Queensland with upwardly mobile markets. With our new survey just completed, I found 157 growth markets. In other words, the already-high number of rising markets has doubled in three months. This is a stunning outcome – and it means that, in a nation that’s having a nationwide property boom, Regional Queensland is the leader of this dramatic event. At the same time, eight out of ten locations have recorded growth in their median prices in the past 12 months – many of them with double-digit price growth. There are multiple reasons why this is happening – but a key catalyst is the reality that Queensland is a natural beneficiary of the Exodus to Affordable Lifestyle trend which is sweeping the nation. All this has made it a difficult task to select the locations to include in our new 2021 edition of Top 5 Regional Queensland Hotspots report which we’re publishing this week. It’s very much a question of what to leave out. And it means that the locations that are included are markets well worthy of your interest and attention. So get a copy of the new 2021 edition of Top 5 Regional Queensland Hotspots report and discover some of the places I expect to be at the forefront of the Australian property boom.
4 minutes | 2 months ago
Good News Bulletin 9 March 2021
Some of the investors and others jumping into the rising property boom are buying without care and due diligence.
65 minutes | 2 months ago
Catching the Next Wave of Property growth – What Every Investor Needs to Know.
The property market has seen a dramatic turnaround following a COVID-19 induced downturn in 2020. How long will this next boom last? And what is driving the market? In this live webinar we will be discussing a range of locations in Sydney, Melbourne, Brisbane and Newcastle that investors should consider for their next investment. We will also be looking at the drivers in the economy and uncover the potential pitfalls that could wobble the property market. Multi-award-winning Buyers’ Agent Rich Harvey, CEO of Propertybuyer and respected researcher and commentator Terry Ryder Founder of Hotspotting.com.au reviewed a range of topics that you must hear. They discussed: • Are we at the start of another property boom? • How should buyers approach a rising market? • What will transpire after March, once job-keeper finishes? • Where should I be investing for the best capital growth and cashflow yields? • What trends has covid set in motion that will continue well into the future? • When will listing volumes start to rise – what is holding vendors back? • What impact have expats returning had on the property market? • Is the exodus to affordable lifestyle going to continue once the vaccine is in place? • Is now a good time for investors?
3 minutes | 2 months ago
Exodus to Affordable Lifestyle Report 2021
The strongest trend to impact Australian real estate in the 21st Century is currently sweeping the nation. The Exodus to Affordable Lifestyle is creating growth is regional cities and towns which is out-performing the big cities. The fringe areas of major cities, regional cities, hill change towns and sea change enclaves are all beneficiaries of this compelling trend. While property prices have been muted in the two biggest cities, smaller cities and regional locations are experiencing strong demand and price uplift. Ultra-low vacancy rates are another element of the strength of these markets, putting upward pressure on rents and creating higher yields. The Exodus trend has been driven by technology and improved transport links, as more and more people realise the possibilities of working remotely – and thereby being able to escape the big, expensive, congested cities. It was a rising tide before the pandemic, with increasing numbers of Australians realising the possibilities of working from home. The Covid-19 lockdowns have enhanced a trend that was already under way, turning a steady drift into a stampede, by opening the eyes of more Australians to the potential. The pandemic has supercharged an established trend, making it the driving force of markets across Australia. The trend was first visible in Regional Victoria with people retreating to hill change towns within 1-2 hours of Melbourne. Locations close to Sydney were also feeling it. Then the impetus rippled further out to regional centres more distant from the capital cities. It has reached as far north as Darwin, where Melbourne residents and others have headed for the relative safety and affordability of the northern capital (plus the warmer climate). Before the pandemic, Queensland was already on the relocation wish-lists of many interstate buyers. Now, with many people now working remotely, there is a growing herd migrating north. At Hotspotting we have been strongly advocating good regional centres for investment for the past three years. And in October 2020 we published the first edition of our National Top 10 Exodus to Affordable Lifestyle report. It quickly became one of our most popular products. And this week we published our new 2021 edition of the report. It outlines our Top 10 picks of locations expected to rise on the back of this trend. And, because there are so many places with potential for strong growth, we include a B List of 10 locations which missed the cut for the Top 10. So get yourself a copy of the new 2021 edition of the Exodus to Affordable Lifestyle report – and have a read of it today.
66 minutes | 3 months ago
What Investors Must Know - Tax Depreciation 2021
Depreciation expert Peter Foldes of Washington Brown Depreciation and Hotspotting founder Terry Ryder presented a webinar last February 17th that gave you a comprehensive overview of property depreciation in 2021. New and existing property investors need to maximise their returns and depreciation is often a neglected area. With legislative changes at both federal and state levels, keeping on top of your entitlements is paramount.
3 minutes | 3 months ago
Good News Bulletin 17 February 2021
Vacancy rates in our already-tight rental markets fell in six of the capital cities and were unchanged in the other two in January, according to the monthly report from SQM Research. The national average vacancy rate fell from 2.2% in December to 2% in January, but five capital cities – Perth, Adelaide, Canberra, Darwin and Hobart – all have vacancy rates below 1%, while Brisbane sits at 1.7%. Throughout regional Australia, many centres have vacancy rates below 1% in what represents a national rental crisis for people seeking tenancies. The industry benchmark is that vacancy rates below 3% represent a shortage of rental properties. The two biggest cities, where vacancies are highest, showed marked improvements in January, with Sydney falling from 3.6% in December to 3.2%, and Melbourne falling from 4.7% to 4.4%. SQM CEO Louis Christopher says the figures provide more evidence the worse is over for landlords in the Sydney and Melbourne rental markets. He says: “The falls in vacancy rates for the month in those two cities, combined with the increased tightness in other cities and regions, has now brought rental vacancy rates down to below where they were prior to the outbreak of Covid19.” Christopher says the data suggests that 2021 will remain largely a tenant’s market in the inner city areas “but will also very much remain a landlord’s market for regional Australia”. He also notes that rents for both houses and units have risen in the capital cities, on average, over the past month. In annual terms, the national average is a 10% rise in house rents and a 4% increase in apartments rents. The growth has been higher in regional markets than in the capital cities, with Sydney and Melbourne rents still lower on average than a year ago. But there have been strong rises in Perth, Canberra and Darwin. In Perth, rents have risen 11.5% for houses and 12.3% for apartments, while in Darwin house rents have increased 27% in 12 months. In Canberra rents have risen around 6% for both houses and units.
4 minutes | 3 months ago
Good News Bulletin 10 February 2021
Here’s how you spot a real estate charlatan, someone who likes to present themselves as a real estate expert but who in reality knows nothing worth hearing … 1. They speak of Australia as a single property market; and/or 2. They attribute price growth to “record low interest rates” Mostly these pretenders are economists. I would remind you of a much-quoted definition of an economist: Someone who can tell you tomorrow why their predictions yesterday didn’t come true today. We have learnt over the years, but particularly in 2020, that the bigger the name and the media profile, the worse they are at analysing residential real estate and forecasting outcomes. Cast your minds back to the predictions in March/April 2020 from senior economists employed by the major banks, big institutions like AMP and even those working for specialist real estate research entities. And then again later in the year when the so-called September Cliff was proclaimed an impending disaster. There was a chorus of predictions of a long recession, with double-digit unemployment and real estate values collapsing. How spectacularly wrong they were. Only the specialist property analysts got it right. But the appalling track record of economists with real estate analysis stretches back years and includes the alarmist predictions about property prices in the wake of the GFC – also proven to be spectacularly wrong. It’s remarkable that media continues to give these charlatans airplay. Credibility, it seems, is optional, so long as you have “economist” in your title. So the nation’s gaggle of chattering economists has been compelled to admit they got it wrong in 2020 and most of them are now forecasting big price growth this year. You will note that what they are predicting is already happening, highlighting another characteristic of this bloated and overblown profession: predicting the recent past. And how do they explain the gathering boom? Record low interest rates! God help us. The lack of expertise among the talking heads who clutter up the airways with their simplistic analysis is quite breathtaking. As we all know, we’ve had ultra-low interest rates for years. Very little has changed in that regard to explain the recent uplift in sales activity. When Sydney and Melbourne were having their real estate boom from 2013 to 2017-ish, economists generally explained the price rises with “record low interest rates”. They had no response to the obvious question at the time: how come prices in Perth and Darwin were falling, while Canberra, Brisbane and Adelaide were stagnating? The “low interest rates = property boom” theory also fails to explain why the last two genuine nationwide property booms, in the late 1980s and in the early years of this century, both occurred during periods of very high and rising interest rates. My view, strongly, is that record low interest rates do not explain what’s happening in real estate across most of Australia. The growth is being fueled by multiple factors, including … A stronger-than-expected economy Lower-than-predicted unemployment State and federal stimulus measures The build-up of savings during the pandemic period People in lockdown reviewing their life choices Ultra-low vacancies, putting upward pressures on rents and prices Pent-up demand, leading to rising sales activity Low listings levels, relative to rising buyer demand The Exodus to Affordable Lifestyle trend, which is hugely influential Increased spending on major new infrastructure The revival of the resources sector The return of ex-pat Australians in large numbers The belated entry of investors to compete with owner-occupiers Perceptions about the safety and solidity of bricks & mortar in times of uncertainty The growing prevalence of e-commerce and its impact on industrial property, which has repercussions for residential demand Access to low-cost finance And you’ll notice that I mention low interest rates as just one of 16 different factors – and I mention it last and definitely least.
71 minutes | 3 months ago
Your Most Burning Property Questions Answered
National buyers agent Kate Hill of Adviseable and Hotspotting founder Terry Ryder presented a webinar today where participants asked their most urgent questions about real estate in 2021. They discussed prospects for a nationwide property boom this year and beyond, where markets are heading, which ones will show the best growth, and which ones to avoid. Kate Hill and the team at Adviseable range across Australia seeking the best properties for their clients, while Terry Ryder and the Hotspotting team devote every working day to researching markets across the nation. They are uniquely placed to provide an informed perspective on markets of all kinds throughout Australia.
5 minutes | 3 months ago
Top 5 Adelaide Hotspots
Adelaide is consistent with its sales activity and it delivers steady price growth. It recorded growth in its house prices in 11 of the 12 months of 2020 and overall had a 6% increase in the city’s median price. The results of our latest quarterly survey of sales volumes in Adelaide are almost identical to those of the past three years. We have identified 62 suburbs with rising sales activity, similar to most of the past 10 surveys. And, once again, the data shows that this consistent performance is occurring right across the Adelaide metropolitan area. There are 10 municipalities with at least three suburbs with rising sales momentum. Affordable locations are the market leaders, boosted by the strong activity of first-home buyers. Our analysis of the price data for individual suburbs shows that two-thirds of Adelaide locations recorded growth in the past 12 months. And a highest percentage, 70%, had house price growth in the most recent quarter. Suburbs recording above average growth in the past year are scattered across the Adelaide metropolitan area, covering a range of price points. We’ve just published our new 2021 edition of the Top 5 Adelaide Hotspots report. It’s a good report to read in the current climate because Adelaide is well-placed to provide consistent growth this year. Find out the best areas for growth in our latest Top 5 Adelaide Hotspots 2021 report.
3 minutes | 3 months ago
Good News Bulletin 3 February 2021
New data from two sources confirms that a national real estate boom is under way across Australia. The latest figures from both Domain and CoreLogic record annual growth in house prices in most locations in the nation, but in particular in the latest quarter. CoreLogic’s 1 February price report shows that all 15 market jurisdictions (eight capital cities and seven state regional precincts) recorded uplift in the month of January and in the three months to the end of January. Domain’s price report published last week shows all eight capital cities had significant price increases in 2020, with particularly major uplift in the December Quarter. The CoreLogic figures show quarterly growth of at least 2.4% in all 15 of the major market jurisdictions. That equates to double-digit increases over the coming year if those growth rates are maintained. But 12 of the 15 major markets had quarterly increases ranging from 3.5% to 7.8%. The Domain data shows quarterly rises in house prices ranging from 3% to 6.4% in five of the eight capital cities and equally significant increases throughout many regional locations. The smaller capital cities and the regional markets are leading the growth in house prices. In annual terms, according to CoreLogic, Darwin (15%), Canberra (9.5%), Hobart (8%) and Adelaide (7%) are all out-performing, while the regional markets of Tasmania, South Australia, NSW and Queensland have all increased by between 8% and 12.5%. The growth is being fuelled by multiple factors, including … A stronger-than-expected economy Lower-than-predicted unemployment State and federal stimulus measures Ultra-low vacancies, putting upward pressures on rents and prices Low listings levels, relative to buyer demand The Exodus to Affordable Lifestyle trend Increasing spending on major new infrastructure The return of ex-pat Australians in large numbers The belated entry of investors to compete with owner-occupiers The safety and solidity of bricks and mortar in times of uncertainty Access to low-cost finance And you’ll notice that I mention low interest rates as just one of a dozen different factors – and I mention it last and definitely least. That’s contrary to Australia’s gaggle of chattering economists who seem to think that low interest rates is the only factor causing prices to rise – which, frankly, shows how little the members of that over-rated profession really understand about real estate markets. Bye for now.
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