What do closed borders mean for Australia and each of our States? So far the conversation has largely flowed around tourism and international education, but what does it mean for property?
Read the Full ArticleThis is a somewhat sobering article about the depth of this crisis and what it means for the various economies throughout the world. Whilst it highlights the challenges that 2020 will deliver, it does provide a more optimistic outlook for 2021. One of the figures that should provide some comfort is that China, Australia's largest trade partner never falls into negative territory.
Read the Full ArticleSo, what does 2020 hold for the property market? Well for one thing, I guarantee it won’t be a repeat of 2019, which had more speed bumps, false starts and outside interference than any free market asset class should have to face.
Read the Full ArticleSo, there are various parties that are lamenting the fact that Brisbane City Council has stopped the development of townhouses in areas zoned low density residential. Arguments around world’s best practice, affordability and product diversity are all valid to some extent, though there is a whole lot of grey that goes with it. Very little in planning and economics is black and white.
Read the Full ArticleWhilst all the talk has been around price and whether the bottom of the market has been reached or otherwise, it really is a moot point. The only thing price really does is impact someone’s on paper wealth and depending on where that price point actually sits compared to the point in time they bought the property; it becomes either the issue of the individual or the financier (sometimes both).
Read the Full ArticleCould it be that the saviour of the property market in Australia is actually Donald Trump? With all of the discussions around trade wars, currency manipulations, a falling Australian Dollar, historically low interest rates and a stock market that is being thrown around like a rag doll by international events may be the trigger investors need to get back into residential property. Certainly Gold, Silver and other precious metals are doing well under these circumstances, particularly as they have physical properties. With discussions around the residential market showing signs of reaching the bottom of the cycle, returns higher than bank interest rates, property may actually fall into one of the few asset classes that is demonstrating some form of stability. The RBA is certainly hoping this is the case, though confidence still has to come from the top and some support from media around the positives is always beneficial. Add in some firm international migration numbers, infrastructure spending and China looking to stimulate their own economy and Australia may just get through all of this turmoil. #buyers #residentialproperty #propertymarket #lowinterestrates
