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24.01.2022 The 2016 census reports that 24% of Australian households are occupied by one person, and 27% of households are occupied by a couple without children. This means 51% of Australian households require just one bed, with higher concentrations in cities.

24.01.2022 Friday funday non-property statistic: The Sydney, Waverley (Bondi), Woollahra (Double Bay), and Randwick local government areas record the most cocaine use in NSW - over ten times higher than any other area in the state

22.01.2022 Observing group behaviour is interesting! The ABS reports that the most house sales in Sydney over more than a decade were in the Oct-Dec 2014 quarter... after prices had already doubled! It is evident that the 'boom' is primarily driven and sustained by frantic demand-side behaviour after most of the growth has already occurred. Perceived safety in numbers!

22.01.2022 Actually some good research done in this article but the challenge is that the entire Australian residential market has been looked at as a whole instead of respecting the differences that each suburb and sub-market have from one another...

22.01.2022 Not all markets in Australia behave the same! While Sydney experiences a post-boom price correction, Hobart's median house price grew by 15.5% over 12 months.

21.01.2022 Aged care in Australia is booming! In five years, the number of Australians employed in aged care increased by almost 30 per cent.

19.01.2022 The Australian Bureau of Statistics counted 10,000 new apartments between 2011 and 2016. Can we trust them to count the results of the marriage equality survey?

17.01.2022 The higher the iron ore price, the more lucrative it is to mine. Iron ore is a principal export of Western Australia and is correlated with performance of the residential property market as the population booms with eager miners. Any mining workers finding it easier to get a FIFO job now?

17.01.2022 Good news for commodities is good news for commodity-dependent regions.

16.01.2022 THOUGHTS ON THE BANKING ROYAL COMMISSION RECOMMENDATION REGARDING MORTGAGE BROKERS: If a Dutch landlord wants a tenant found for them, they engage the services of a 'makelaar'. Makelaars list the apartment online and take prospective tenants for tours through the home, but once the tenant is found and the deal signed, the makelaar is nowhere to be found. This is because makelaars charge the tenant a one-off commission for brokering the deal (usually equivalent of one month re...nt). After this date, the tenancy's success or failure is of little consequence to them. This differs to Australia because 'property managers' are paid in small monthly instalments to ensure the tenancy is maintained. The Banking Royal Commission has recommended a similar model to the Dutch 'makelaars' in the mortgage broking industry by ceasing 'trail commissions'. Trail commission is one of two payments made to a broker. The benefit of a trail commission is having brokers personally invested in the continued success of their clients' mortgages. If their client can't afford repayments and default, brokers won't receive their trail. If their client is unhappy with the product, they will change loans and the broker won't receive their trail. It is a structural incentive to do the right thing by the consumer and maintain a healthy professional relationship. It is also a disincentive to refinance consumers' mortgages each time there's more commission to be made. Through some act of madness, it was recommended to cease trail commissions. This resulted in Australia's largest banks recording up to 10% share price growth within 24 hours, while mortgage aggregators saw a quarter of their market capitalisation lost in the same time. Somehow, a Royal Commission into banking misconduct turned into a huge capital-injection for Australia's banking oligopoly. No doubt this recommendation is unfair for mortgage brokers whose business model may fundamentally change overnight, but the real losers would be AUSTRALIAN CONSUMERS. We can all learn something from this expensive and highly public Royal Commission: those in ivory towers who make decisions that impact the rest of us are not as smart as they give themselves credit for.

14.01.2022 Good to hear that politicians are at least listening to the experts for once...

14.01.2022 An explanation of counter-cyclical investing from 2016

13.01.2022 Plenty of click bait over the long weekend regarding Sydney's median house price going down by 0.1% over September. There's much more to a market than monthly trends. Annual price growth is still high, meaning Sydney is becoming increasingly more expensive.

13.01.2022 According to the ABS, a rising number of Australians are employed as 'professionals', but what does that actually mean? Well it is a pretty broad stroke. You might have assumed it included lawyers, accountants, investment advisors and the HR department... but it also includes teachers, doctors, nurses, salespeople, engineers, scientists, architects, software developers and welfare professionals. That explains why there's more than 2.3 million of them!

11.01.2022 38.7% of Aussie men aged 18-44 years served in WW1. Lest we forget.

11.01.2022 Rates remain unchanged as global economies show signs of increased growth. Residential property market divided with some areas increasing in value while others are in a state of correction / stagnation.

10.01.2022 Carl Jung said 'what you resist not only persists, but grows in size'. Whether you love negative gearing or hate it, abolishing it to combat unaffordable housing won't really hurt the rich. It will hurt working families trying to become first-time investors.

08.01.2022 Merry Christmas or Hannukah or Yule or Kwanzaa or Ashura or simply just a public holiday from the team at PAA!

08.01.2022 Interesting points made in this article re: Brisbane. Unfortunately the press is all too often short-term minded when it comes to the property market. Some great infrastructure projects underway and recently complete in Brisbane which has and will continue to transform the city.

07.01.2022 In six years, annual government revenue for tax on property increased by 50% to almost $50 billion. All government taxes on property are linked to a sale price, valuation or capital gain.

07.01.2022 How do you get to work? In Fitzroy VIC, a quarter of all workers walk to work. 17.5% get a tram 8.5% ride a bike... (ABS Census 2016)

06.01.2022 Good to see politicians listening to their constituents...

05.01.2022 The death of God? In 1966, 88% of the Australian population were Christian, 0.6% were another religion and just 0.8% reported having no religion. ...by 2016, 'no religion' had become Australia's largest affiliation, representing 30% of the total population.... With a reduced demand for churches, buyers are swooping in with pretty creative conversions. Check out some of them here:

05.01.2022 Wow... how things have changed!

05.01.2022 '...of 1000 Sydney residents surveyed, one in three were considering leaving Sydney in the next five years.'

05.01.2022 What are the average weekly earnings around Australia? This average is based on the total earnings divided by the number of full-time adults (the mean), rather than the number in the middle of the distribution (the median).

04.01.2022 Sydney comes in at #10..!