Another week shoots past, so Edwin is back for another property update. The chaos continues with talk of “pre-war”, home price rises, and more Government support for property. What could possibly go wrong?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
We walk through the latest from our surveys and modelling ahead of our live show which will be on 13th February 2024 at 8pm Sydney where we will look at specific post codes in more detail.
Household financial stress continues to bite, and is spreading into many different types of communities.
Ahead, we do not expect cash flow to improve for many, as mortgage rates will not be falling very soon, the costs of living continue to rise and income growth in real terms is muted, at best.
If you want data on a specific post code, put it in the comments and I will either cover it Tuesday week, or via a separate show.
If you want to get the full data set, this is available via Patreon: https://www.patreon.com/DigitalFinanceAnalytics
Our One to One Service is also available: https://digitalfinanceanalytics.com/blog/dfa-one-to-one/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
More from our Property Insider, Edwin Almeida as we look at the low listings, and rentals, and the reasons why markets are not behaving as some (who should know better) said they would.
Edwin referred to this post: https://www.tiktok.com/@shallowchal/video/7326805682114645255
We also look at trends in Western Australia, as well as our normal East Coast analysis.
Things, as they say are getting interesting…
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
Another dose of charts and common sense from Tarric Brooker, as we look at the latest data and explore the implications for Australians on Australia Day. Houses and Holes, mate, Houses and Holes!
See the charts here: https://avidcom.substack.com/p/dfa-chart-pack-26th-january-2024
And Tarric’s article on the Houthi Strikes, The Closure Of The Gate Of Grief And The Sea Of Economic Consequences https://avidcom.substack.com/p/houthi-strikes-the-closure-of-the
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Go to the Walk The World Universe at https://walktheworld.com.au/
Our latest review of the latest property market, as the new year gets into gear. According to the WeeChats, “buy now”, but on the other hand, listings in Melbourne continues to build.
But things are not that straight forward. Perhaps we should review “Three Monkeys And An Elephant”, to misquote two parables…
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
We got the latest on New Zealand Property for December 2023 from the Real Estate Institute of New Zealand.
I love how they spin the release, saying that the December 2023 figures show a notable increase in sales activity, median prices lifting, lower days to sell, and a clear sense of more confidence overall (year-on-year).
This is despite the fact that actually New Zealand house prices edged lower in December, down around 0.3% mom on a seasonally adjusted basis, though trends diverged across the country, ranging from a 1.9% mom fall in Northland to a 4.2% lift in Tasman.
The national average was weighed down by a 0.9% mom price fall in Auckland. Among other big regions, Wellington prices lifted 0.6%, while prices in Canterbury eased 0.1%.
ASB’s commentary on the REINZ figures are helpful here. They say the NZ housing market has struggled to establish a clear direction since the last housing market correction came to an end in around March/April last year. Monthly price movements have usually been modest in either direction, with the market oscillating between small lifts and even slighter falls over most of the year (see our chart above for the contrast between 2021’s large price rises and 2022’s decent falls with 2023’s more meagre movements).
All-up, prices managed a bounce of only about 1.2% over H2 of last year.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The NSW government has already announced plans last month to build more than 200,000 homes and focus on higher density living by building up, not out. But now NSW Premier Chris Minns says the state will not meet its housing target, but is doing its best to boost supply.
The plan includes 138,000 new homes at rezoned sites in 31 suburbs, and 47,800 homes near eight major transport hubs, with the latter to be completed over the next 15 years.
Those suburbs include Bankstown, Bays West, Bella Vista, Crows Nest, Homebush, Hornsby, Kellyville and Macquarie Park.
The government will offer developers in those zones a fast-tracked approvals process, called a state significant development, to ensure apartments are built quickly.
It will be offered to developments over $60 million, and construction must start within two years of approval.
The government also intends to relocate Rosehill Racecourse and replace it with 25,000 homes as part of the plan.
But Housing industry insiders say they are not surprised by the NSW premier’s admission that the state will not meet its housing targets agreed to just last year.
The target, which was set out by the federal government in August, would see an average of 75,000 new dwellings a year over the next five years. It is part of a broader plan to build 1.2 million homes across Australia during that period.
Premier Chris Minns said the government would fall short of the goal but was working on building as many houses and units as possible to alleviate housing shortages and skyrocketing costs.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
Following my post about Household Financial Stress https://youtu.be/G1T72rUFlgA and the upcoming live show tomorrow, I received many requests for postcode level analysis. So I made an extra show here to cover some of the requests.
Post Codes Covered (In Order) In This Show: 3912 4868 2560 4670 2487 6149 3842 3799 6072 4178 2042 4215 3690 2640 6030 2137 4670 3174 3012
Join us tomorrow on the live show for more. https://youtube.com/live/nXhfjacOnA0
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Another deep dive into the dynamics of property with our insider Edwin Almeida. How are the new listings tracking, and how does this compare with the MSM stories we are seeing? Will new construction volumes remain in the doldrums?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
