Posts Tagged ‘Sydney house prices’

rsimeon

Property debate is barking up the wrong tree

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It is only when politicians enter the property debate that we get a clear position on just how very little they actually know about this topic. Whilst encouraging that they want to participate in this highly contentious debate one would expect that they also may do some research. The real reason why they are now jumping (or falling) into this debate is that internal polling has clearly identified this as becoming a significant electoral issue.

Yes, one of the remedies is supply, as the politicians have identified, although they are comprehensively wrong on this issue. The real reason as to why we are witnessing record property prices is because we have … more »

rsimeon

The bubble, the bureaucracy, bungles and no vision

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Yes, an apt description for our property markets on the east coast of Australia today. We keep reading about Australia’s housing affordability crisis, the almighty property bubble together with our massive household debt with very little said as to what caused this and how do you fix it? A subject our politicians refuse to discuss in any detail despite being complicit in causing the problems that we see today.

The problem at the moment being that Australia has approximately 10,000,0000 dwellings with a value nearing $6.000 trillion with the majority wanting to live on the east coast of Australia. To try to add some perspective nobody was talking about housing affordability … more »

rsimeon

How to manipulate property market machinations

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The biggest challenge facing the Sydney residential property market is successfully calling the market accurately as against some who pluck figures out of the air with astonishing aplomb. My preferred guide is the Australian Bureau of Statistics (ABS) capital city indexes for Established Houses which is released on a quarterly basis – it’s all about measuring price movements over time.

So I struggle when I see BIS Shrapnel noting that Sydney house prices have soared 45 per cent since 2009 although I remain somewhat confused as we need to add further perspective by taking into account that house prices fell approximately 20 to 30 per cent during the Global Financial Crisis … more »

rsimeon

Analyse real estate by speaking volumes

This week the Domain Group published its House Price Report for the December quarter 2014 revealing that Sydney house prices rose 4.1 per cent for the quarter up from 3.5 per cent in the previous quarter. Apartment prices also rose by 2.9 per cent over the quarter which followed the September quarter which was also up 1.4 per cent. Annually, Sydney house prices have increased by 14.1 per cent and apartments have increased by 10.4 per cent. All very interesting however it means very little given this is the compiled figure for Sydney and is not representative across all households – even though many home owners believe it is.

For the … more »