The National Property Research Co.
We are a Brisbane based company that undertakes work across Australia but we have a particular expertise in the Queensland property market.
We provide property market insights that are based on independent research and local market knowledge established through a wide network of property market contacts.
As a result, our clients receive the most up to date information and advice to ensure they make the most informed business decisions.
The National Property Research Company is a business based on wearing out boot leather, car tyres and plane seats.
We believe that in order to really know what is happening in the property market you have to get out there and see what is actually happening. The best research is that which is conducted at the frontline.
This is our speciality and we pride ourselves on it.
This week the ABS released the quarterly weighted average house price data series for Australia’s capital cities. All the media hype surrounding a property boom appears to be largely that, hype. Now don’t get me wrong, it is great to see the media in a positive frame of mind about the property sector, because clearly it has been years since we have seen that.
However the most recent statistics demonstrate that the property recovery is still in its infancy in many centres and with the exception of Sydney (3.6% Qtr or 11.4% p.a), and some may argue Melbourne, is still relatively fragile.
The outlook for the housing market in Brisbane is very positive with the Federal election being the final confidence hurdle for many buyers thinking of investing, downsizing or upgrading. The other incentive for buyers is the low interest rate, with some commentators predicting a further rate cut, possibly in November. The first homebuyer market is still at historically low levels due to the removal of the grant for established housing; however the improvement in the broader economic conditions may see this sector of the market also start to improve, especially if there is a further cut to interest rates.
A message to our governments, if you want people to use their cars less, you need to improve the public transport network and pricing thereof. In 2012, approximately 7 in 10 people (71%) aged 18 years and over travelled to work or full time study primarily by passenger vehicle, similar to 2009 (72%). This could have been either as a passenger or a driver. Only 16% of Australians used public transport, while 4% walked and 2% cycled. (ABS)