In 2012 The National Property Research Company was asked by Construction Skills Queensland (CSQ) and the Urban Development Institute of Australia (UDIA) to undertake one of the most in depth studies of the Queensland construction and property industries ever completed.
Read the Full ArticleYesterday’s lending finance data released today shows that finance for owner occupier housing has turned the corner and continues to grow. The seasonally adjusted estimates place the increase at 1.3% over December which is a great result in what is typically a quiet time of the year.
Read the Full ArticleNPR Co. has taken some time to see how well our retailers faired over the holiday period. The latest ABS retail trade figures show that turnover across Australia increased 0.9% in January, seasonally adjusted. The major contributors to such a strong result were the “other” retailing category with growth of 2.6% and household goods with a 1.3% uplift.
Read the Full ArticleThe land sales market for 2012 has proven to be extremely difficult for every major developer in Queensland. A recent survey undertaken by The National Property Research Co. demonstrated that only one firm of the 13 surveyed actually made budget in terms of their sales forecasts from January to December. The next closest was a 13% shortfall through to a whopping 50% shortfall.
There is a general reluctance to call the bottom or the top of the market. Putting oneself out there and saying that we have turned the corner is the potential equivalent of lighting a match in a room full of gun powder, particularly when Europe smoulders away in the background.
Read the Full ArticleWhilst as a nation we continue to have an obsession with interest rates, in fact one was not sure what was the biggest event last week, the Melbourne Cup or the RBA decision on whether the cash rate would be reduced. The fact remains that in Australia we have an employment issue, or should I more correctly say, an under-employment issue. Contrary to popular belief, this is not something that is the result of the GFC. Australia has experienced a long term under-employment position that stems back to 1992.
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