Hello, Above are six recent consultancies. If you would like my assistance, please give me a buzz by going here. You may also wish to find out a bit more about how I can help you. Alternatively, you might wish to book me to speak.  If so go here. Cheers for now, The post appeared first on Matusik Property Insights ..read more

Happy New Year. Earlier this month data released by CoreLogic showed that dwelling values across Australia rose by 67.5% over the past ten years to December 2023. And despite forecasts to the contrary, last year’s dwelling values rose by 8.1%, on average, across the nation. Some urban areas did better than others. My first table outlines last year’s performance by major urban area.  Perth currently leads the pack, followed by Brisbane, Sydney and then Adelaide.  The other capitals are slowpokes. Much of the difference is due to supply versus demand and rising unaffordability. For exa ..read more

I apologise for my absence over the past couple of weeks but the current strain of Covid hit me big time and well I have had a fair bit of work to do as well. And to be honest I am a bit distracted, after all I did buy a boat this year and I have grown weary of the shite that is dished up in the media and how gullible many folks have become.  I don’t think I am alone regarding my last point. Anyway, I turned 58 this year and as a forewarning this post – my last for this year as we are about to go on an overseas break – might sound, to some, like a grumpy old coot. Anyway… Meet the new bos ..read more

Imagine for just a few minutes that I am the RBA Governor.  This is what I would be announcing next Tuesday at 2.30pm. ….. Thank you for coming. The RBA board has agreed to leave the official cash rate where is currently stands. Up until last quarter, domestic inflation has been falling and in an orderly fashion.   This national trend is in line with most other OCED nations. The September quarter rise in the Australian consumer price index, was driven by factors that are not influenced by domestic interest rate settings. Five things drove the slightly elevated September quarter CPI ..read more

Words just get in the way! …..     ….. Thanks for reading to the end of this post.  And whilst you are down here why not help me — via a small donation – continue the Missive coming to you. To donate click here. ….. The post Property Clock – Oct 2023 appeared first on Matusik Missive ..read more

As mentioned last week, several questioned a core statement in my recent land banking post being that land values within an active subdivision show limited growth. Within is the key word here. Yes land values across a wider area, and especially as a region matures, improves as amenities amass etc., do grow and more often than not faster than house values in the same region. But this takes time, and much longer, than most subdivisions are active. Also, given Australia’s projected annual population growth, undersupply of housing – especially new detached homes – plus the government push for more ..read more

Welcome back. Well, that assumes that you have been on a break during the school holidays. The Missive open rate suggests that many of you have been. Whilst you were away you might have missed this post about changing housing types. Quite a few folks that remained on the tools – including those sad sacks that read and replied to their emails whilst on hols – questioned the low proportion of apartment adoption over the past decade. Many said that there must be a bigger acceptance of higher density housing in our major capitals and coastal regional cities. So, in reply find two tables below outl ..read more

I have published the first table in this post before. It has been updated here, and the message remains the same, in that there is a heck of a lot of apartment and townhouse (mostly apartments) projects across south east Queensland that are approved but have yet to start construction. As at March this year – the latest figures available – the relevant SEQ figures here are 4,100 projects; 121,000 dwellings or about 16 years supply, based on demand during the 2023 fiscal year.   See table 1. When I use this type of data during presentations, or in consultancy work, some say that this ..read more

Two tables this week and few words. Table 1 shows that three quarters of us live in detached houses.  Another 10% live in townhouses.  Apartments hold another 10%. In total roughly 97% of us live in a private dwelling. Table 2 shows two things, firstly the biggest change in the number of people by housing type in terms of percentage variation over the past five years, and then – as shown in the second column, that change in terms of number of residents. The big percentage growth was in backyard type homes, up a whopping 412% since 2016, followed by folks living in taller apartments ..read more

It is little surprise that many are calling for fewer overseas migrants. This is what happens when over 400,000 people arrive in Australian in one year from overseas.  This is especially the case after a lockdown when the country lost 85,000 residents during 2021. Chart 1 shows the rise and fall in net overseas migration to Australia from 1864 to 2034. Some are calling for an annual net intake around 120,000 per annum.  Others want an even lower yearly target.  I think these limits are based on the longer term average, which frankly is never going to fly.  See chart 2. The ..read more