There is that expression, if you say something for long enough, you’ll probably be proved right. This probably has more relevance to economists than most other professions, though I suspect they all have their nuances. Certainly the pandemic sweeping the world has meant that many of the things that are held as “foundations” are being questioned, apartment living is certainly one of them. So what has fundamentally changed and are these temporary or longer term issues?
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In the last twenty years, house sales over one million dollars within SEQ have increased from just 50 sales in the first half of 2000 to 2,042 sales for the second half of 2019. The Gold Coast has led the way with Surfers Paradise the stand out.
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As we continue to ponder what the post pandemic world will look like, many property sectors have been caught off guard, the neighbourhood retail product being one of them. In general the regional and sub regional retail centres have had to continue to evolve in order to remain relevant. Do neighbourhood centres need to reinvent their genre?
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As the restrictions start to unwind, thoughts are now turning to how the economy could be kickstarted. The HIA, UDIA and Master Builders Association have all called for amounts of between $40,000 and $50,000 to be used as grants for new home builds with various volumes per quarter up to 2021. There are numerous issues with these well intentioned suggestions that may in fact not be what is needed; so let’s unpack some of them.
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Is it time to buy, sell or just wait and see what happens? The market is changing, and changing quickly. What about counter-cyclical opportunities?
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There has been a lot written recently about the prominence of cycling with the capacity to transform how people move around a city or suburb. As a cyclist myself, I love the fact that society seems to have fallen in love with the humble push bike again.
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