What Drives Residential Property?

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The answer is really very simple, people.  If the population is growing faster than supply, then the market moves into a position of under supply where prices for both purchasers and renters escalate.  Conversely, when the supply exceeds the population growth, the market moves into a position of over supply and prices typically track sideways or fall, along with rents. In reality, the time at which a market stays in equilibrium is often inherently short by contrast.

So if people are driving the demand for housing, what does Australia look like?  Whilst we are experiencing a period of unprecedented population growth nationally; it is far from being distributed evenly. It is these demographic dynamics that are really shaping the growth, or lack thereof in many of the states.

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Millennial Insights

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The start of every year is particularly interesting because a whole bunch of new words are added to the dictionary and define the trends that are emerging.  The creation of new words and phrases clearly define our society and what is important at the time.  Interestingly, more of our words are becoming an amalgam of two or three words.  

Awesational is the combination of Awesome and Sensational and will surely be just a matter of time before one of our newsreaders uses it to describe something impressive.  Impressive being yesterday’s word to describe something that is awesome and sensational...

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Population Winners and Losers...

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The measure of population growth and movement in Australia is one that can often be a highly contributory measure of economic success.  This is particularly so in smaller States or regions that depend on population increases for their economic wellbeing.  The latest data clearly identifies which States are the champions and those that need to spend plenty more time figuring out their strategies to attract and grow this lucrative resource.

Australia population growth is comprised of three important sectors...

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SunCentral - Australia's Newest CBD

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Today marks a very exciting day in the development industry. Town planners often talk about village centres and the creation of place making. Well, Maroochydore on the Sunshine Coast is about to undertake this on a whole new level. The first sod will be turned today by the Queensland Premier in what will be the new CBD of the Sunshine Coast.  

This is truly remarkable because most CBD’s evolve over time and have a long history which is often limiting to what can be achieved today. Everything has to be retrofitted to a centre which may well have infrastructure that is half a century old or more.

The opportunity that SunCentral in Maroochydore must embrace for the Coast is to be the most modern city in Australia... 

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The Conversation Yet To Be Had...

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2016 will rightfully be celebrated in South East Queensland (SEQ) as the year the skyline was filled with cranes.  The government induced construction boom, combined with a sustained period of investment, has created the right conditions for a flurry of activity.  This is not just isolated to SEQ, this has been an Australia wide phenomenon.  Despite this the market is turning, albeit slowly, back to the owner occupier market....

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