HOUSING INVESTMENT – A SOFT LANDING? Many people found the first quarter of this year unfathomable. A confluence of factors — the banking commission, accelerating drought, lack of housing stock and a mercurial lending market — a national election – all made the property market difficult to comprehend. Now at least one of these factors […]
What is happening in the Australian Residential Property Market?
It’s hard to ignore the headlines, which tell you that something is rotten in the Australian residential market. There would hardly be a property investor who is unaware by now that house prices have fallen, in Sydney and Melbourne, down 6.1% in Sydney in September, on the year before, and by 3.4% in Melbourne. This means […]
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Geelong – we told you so….
It’s no overstatement to suggest that Geelong is experiencing a renaissance. As we predicted, Victoria’s second-largest city is taking off. In the past year, several major investment projects were completed in the revitalised bayside city. Rail and road improvements have coincided with the growth of several enterprises, including the Australian Future Fibres Research and Innovation […]
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Atchison Audit Shows Outperformance…Again
Active management, market experience and judicious buying adds value over the long term in the residential property market. That is our philosophy, but it’s also borne out in the data. The latest (September 2017) analysis by Atchison Consultants of the investment performance of the residential properties acquired and managed on behalf of clients by […]
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Why not spend for a better return?
A growth-industry of contractors has emerged in the past few years. These contractors spruce-up tired properties, making them ready-for-sale. Often this involves a project manager who co-ordinates an accelerated process — a couple of weeks — that involves superficial measures such as painting, landscaping, window-cleaning and updating (for example, new carpets, blinds or cabinets). […]
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Issues to ponder…
The tide is changing in the property market. Some investors are wondering whether to sell at a time when values are high, the cost of loans may increase, and the government is by increments introducing measures that impact on Australians’ capacity to invest. Since the May budget, for example, when the government introduced penalty loading […]
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Don’t be confused by talk of property bubbles
Recent articles in the Australian property press alluding to mortgage stress has fuelled speculation that the residential property market in Australia has been in ‘bubble’ territory. This simply is not true. The current housing market is firm but is not in “bubble format”. The strong sales results have been to the demand for accommodation […]
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Are Foreign Buyers Distorting Our Property Markets?
Chinese Buyers Not Going Away Anytime Soon We are often asked about the impact of foreign buyers, and whether it is distorting the market. Here’s what we think. Yes, foreign buyers are distorting some markets. In fact, we’re now seeing something we’ve never seen before in the Australian residential property market – developers supplying […]
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Having and eating the housing cake
There’s a crisis of housing affordability, we’re told, but the figures tell us another story. Despite escalating house prices, around two-thirds of Australian households — comparable figures to previous decades — still own their homes or hold a mortgage. Yet an alarmist current is driving politicians to deliver populist and counter-empirical measures. In their […]
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The real winners of government hand-outs
The only winners out of first-home buyer grants are vendors and developers. Certainly not first home-buyers. The belief that hand-outs make buying easier has no basis in evidence. In fact, all the evidence shows these schemes are ineffectual in their stated aim. These grants make things tougher for house-buyers of any kind. Census data, aligning […]