Real Market Report May 2023
Johnson Real Estate Blog
by Socials Johnson Real Estate
11M ago
Terry’s View – Another Bank Changes Its Forecasts   Here’s a clue which exposes the worthlessness of big bank forecasts on property prices – they change their forecasts every few months.  At the start of 2023, the banks all issued their predictions about prices in 2023. These were annual forecasts and, in keeping with the mentality of bank economists, their tips were highly negative. They all expected prices to fall this year.  Westpac, at the start of this year, said Sydney house prices would fall 8% in 2023. But here we are just three months later and they’ve changed their ..read more
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Why you should sell before you buy
Johnson Real Estate Blog
by Socials Johnson Real Estate
11M ago
Buying a dream home is a significant milestone for many people. However, it’s also one of the biggest financial decisions you’ll ever make. It’s essential to do so with caution, especially when it comes to buying a new property subject to the sale of your existing property or through bridging finance. Agents and banks love it when buyers opt for this route as it guarantees them business, but the danger for the buyer is significant. There’s always a risk that the sale of your existing property might take longer than anticipated, leaving you with two mortgages and double the interest to pay u ..read more
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Real Market Report March 2023
Johnson Real Estate Blog
by Socials Johnson Real Estate
1y ago
Terry’s View – Politicians Make Shortage Worse The Queensland Government is a case study in ways to take a crisis and turn it into a catastrophe. Brisbane and Regional Queensland, like most of Australia, has the lowest rental vacancies ever recorded – thanks to years of decisions by politicians and bureaucrats which have deterred Australians from investing in real estate. Given that a third of Australian households rent and 95% of the homes they rent are provided by private investors, the more you discourage the people who supply the rental homes the greater the rental shortage will become ..read more
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How much is too much advertising for your property?
Johnson Real Estate Blog
by Caitlin Wallekers
1y ago
When it comes to selling your property, it’s natural to want to get the best possible outcome. You want to make sure your property gets maximum exposure, attracts the right buyers and sells for the best price. However, the process of selling can be costly, and many sellers may not be aware of all the expenses that come with it. It’s important to note that advertising is a necessary expense in selling a property. However, it’s also important to be aware of all the costs and to ensure that you’re getting the best value for your money. One of the biggest expenses in selling a property is adver ..read more
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Real Market Report December 2022
Johnson Real Estate Blog
by Marina Gurgel
1y ago
Qld, ACT, Tassie Gain Population  Australians are keen to move to the north with new Census figures showing more people moved to Queensland than any other state. The Australian Bureau of Statistics Census data shows there was a net gain of more than 100,000 people in Queensland in the five years to 2021. Many of those came from New South Wales, with it recording the biggest net loss of population in Australia of 102,000 people. At the same time Victoria lost about 10,000 people, while Tasmania increased its population by 15,000 and the ACT by 10,000. Those who didn’t move states tended ..read more
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Real Market Report November
Johnson Real Estate Blog
by Marina Gurgel
1y ago
Yields Are Bouncing Back The good news for landlords is that rents are growing faster than home prices leading to better yields. The latest NAB sentiment survey, which polls property industry professionals, predicts rents will grow by 3.5% in the next 12 months and 3.8% nationally in the next two years. CoreLogic Research Analyst Kaytlin Ezzy says rental yields are bouncing back. She says nationally during the September quarter dwelling yields grew by 24 basis points to 3.57%. Although yields are now above the record lows recorded in February (3.21%) they are still well below the pre-pande ..read more
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REAL Market Report October
Johnson Real Estate Blog
by Socials Johnson Real Estate
1y ago
Migrants Boost Population Growth Overseas migrants are finally starting to return with new figures showing 110,000 people moved to Australia in the 12 months to March. Australian Bureau of Statistics show migrant levels remain half of what they were before the start of the Covid pandemic when net overseas migration figures ranged between 238,000 and 260,000. In addition to overseas migrants, a similar number of Australians were added to the population through natural growth. In the past 12 months there were 309,300 births and 179,100 deaths. Beidar Cho, Demography Director at the ABS, says ..read more
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Australian Property Update September 2022
Johnson Real Estate Blog
by Socials Johnson Real Estate
1y ago
 Terry’s View  All the core problems confronting the housing market can be blamed on politicians. Whether it’s the affordability issue, the rental shortage or builders going broke amid a construction boom, the short-sighted decisions of politicians are the underlying cause.  The previous Federal Government provided grants to encourage new home building but failed to consider whether there would be sufficient supplies of materials and tradespeople. The shortages that resulted have caused building costs to soar, sending many builders to the wall.  There are other reasons the ..read more
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Australian Property Update August 2022
Johnson Real Estate Blog
by Socials Johnson Real Estate
1y ago
 Terry’s View  Media reporting of property price outcomes across Australia is becoming increasingly inaccurate and sensationalist. Indeed, many respected industry figures have commented that the standard of media coverage of housing markets is the worse they have seen – and I wholeheartedly agree.  Research entities that provide price data are competing for media coverage and a high public profile – and this compels them to rush out their statistics with undue haste, always emphasising any negatives in the figures because they believe this will enhance their chances of free publ ..read more
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Australian Property Update July 2022
Johnson Real Estate Blog
by Socials Johnson Real Estate
1y ago
Terry’s View The key messages in property market data are being distorted by organisations with the motivation of achieving media profile rather than informing consumers. The latest statistics show that house prices continue to rise in 12 of the 15 market jurisdictions (8 capitals and 7 regions) but the headlines claim prices are falling across the nation. The latest “pain and gain” report shows that the vast majority of vendors are making a strong profit and the rate of gain has risen in most market jurisdictions, yet media reports tell us that the rate of gain has dropped. Even when the data ..read more
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