If Australia was balanced on its central axis, somewhere through the middle of the Northern Territory and South Australia, it would be leaning firmly to the east as the weight of population growth continues to be attracted to the Pacific Ocean.
Read the Full ArticleThe RBA cash rate remains unchanged at 1.5%...nothing to see here unfortunately. I suspect I am probably one of the few that are really looking for an interest rate rise rather than the talk about a cut. When interest rates are going up, our economy will have turned the corner, full time employment will have improved and people in theory should have more money in their back pockets.
Read the Full ArticleThe Reserve Bank of Australia has dropped the official cash rate by 0.25% to bring the official number in at 1.5%. There will be enough speculation around by many commentators suggesting that this will create a greater catalyst for property prices to escalate, but I’m not so sure...
Read the Full ArticleThe 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.
Read the Full ArticleThe 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...
Read the Full ArticleThe 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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