Propertyology | Company
Propertyology
Phone: +61 1300 654 070
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25.01.2022 With Melbournes economy now likely to become a long term national laggard, Propertyology is forecasting one of the biggest ever swings in internal migration by an Australian city, ~ Simon Pressley [September 2020]
25.01.2022 VOTING WITH THEIR FEET Over the last three years, the population of Australia’s eight capital cities declined by a net 52,650 to internal migration. Official data confirms that people are voting with their feet by relocating away from congestion and expensive housing. Propertyology’s thought-leading research has uncovered forty-eight (48) individual regional locations whose population increase through internal migration last year was at a higher rate than the capital city leader, Brisbane.
25.01.2022 IT’S A BLOODY COMPLICATED PUZZLE According to Propertyology’s Head of Research, Simon Pressley ... the property market of an individual town or city is like one very big jigsaw puzzle. It’s the sum of all pieces, not a few pieces, which completes the picture. The economists of the world are rarely right with their forecasts, and this pandemic is another glaring example of it.... Their frequent inaccuracy is partly due to their innate risk averse personality that always draws them into a glass-half-empty view of events. And they’ll never learn because there’s no motivation for them to learn. They are not active investors. Their core business doesn’t hinge on providing property market advice. They make a statement to the media and move on without any repercussions. Genuine specialists have their own skin in the game. They’ve had some wins and some losses. The losses leave scar tissue. It provides motivation to dig deep and learn what caused the pain, said the 3-time Australian Buyer’s Agent of the Year. Real life experiences in numerous markets over numerous years is the best teacher. You grow to understand what *really* drove the growth markets of yesteryear and how to avoid pain in future. Real life experiences and a growth mindset make you appreciate that property markets are incredibly complicated. There’s no university degree, no book, no course available that one can truly learn everything that they need to know. The ‘general practitioners’ of property markets are a cast of thousands. I’m sure they are good people who mean well. But they will never appreciate that every town and every city has completely different influencing factors, or pieces to the puzzle. One must, first, collate *all* of the pieces for each location and then complete the puzzle to have the full picture.
25.01.2022 Propertyology’s Simon Pressley said: Property is shelter. Immediately before the arrival of Covid-19, Propertyology publicly declared that most of Australia had a significant undersupply of shelter. A virus doesn’t diminish a nation’s need for shelter, but it does have the ability to trigger a transference of housing demand.
25.01.2022 PODCAST: ...I think thats when the coronavirus first started, thats where the so-called experts came out in abundance and most of them are highly risk adverse personalities by nature. They were the ones responsible for the property market declines between 20% and 50%, depending upon which lemonsucker you listen to. That certainly hasnt unfolded, Pressley says. Im not saying there isnt any possibility of downturns in some locations, but certainly not widespread. Weve ...had six months to process all of this thats quite a bit of time. I also say a lot of things that have happened I didnt anticipate back in February or March. One thing that I still remain ROCK SOLID on and is that large parts of Australia are right now producing price GROWTH and, on the balance of probability, will continue to do so. In fact, Im forecasting a BOOM. You can listen to Simons recent interview with Your Investment Property magazine right here. https://www.yourinvestmentpropertymag.com.au//episode-22--
25.01.2022 LOCKED-IN FOR 3-YEARS! cheap credit.... kind cash flow for property investors.... ... consumer confidence.... housing demand....
24.01.2022 Salivating! Our highly skilled and experienced team would be thrilled to help you execute the investment decision. Contact us here https://www.propertyology.com.au/contact-us/
24.01.2022 BRISBANE QLD: The Green Bridges Program is a milestone in our citys construction history, so we are looking to attract expertise to help us deliver this landmark infrastructure. At its peak, the two fast-tracked bridges will employ more than 500 people.
24.01.2022 About that PROPERTY BOOM... You know, the one that Propertyology predicted while everyone else was talking ‘downturn’. Well, it’s already happening, folks. Well done to those whom were first to the party!
23.01.2022 VICTORIAS TALE OF 2-PARTS The volume of empty rental properties across Greater-Melbourne has increased from 11,830 in August last year to 20,891 at the end of last month. Its sad for the tenants whom have lost their jobs and had to move out. Its sad for the Melbourne landlords whom, in addition to loss of PAYG income, have to try and service mortgages without rental income. There are no winners here.... One in six (6) apartments in inner-city suburbs Southbank and Docklands are now empty. The volume has increased from 2339 to 7467 over the year ending 31 August. Richmond (3.5 percent), Prahran (4.8 percent), St Kilda and South Yarra (6.2 percent) are other examples of Melbourne suburbs with high vacancy rates. A spike in empty CBD apartments over the last 12-months is not unique to Melbourne (from 2.6 percent to 8 percent). Sydney CBD (4.7 percent to 11.9 percent), Brisbane CBD (3.7 percent to 7.9 percent) and Adelaide CBD (2.3 percent to 7.1 percent) are also problematic. On the other hand, CBD vacancies are ridiculously low in Hobart (from 0.5 percent in August 2019 to 0.7 percent in August 2020) and Canberra (1.7 percent to 1.6 percent). Victorias regions are very tight. It is very hard to rent a house in strong cities like Bendigo (1.3 percent), Ballarat (1.2 percent), Shepparton (0.7 percent) and Mildura (0.5 percent). Their under-supply of accommodation is at crisis levels. Demand is sky-high, rents and asset values are both rising.
21.01.2022 HOBART TAS: "Obviously flights between Hobart and New Zealand will be a huge boost for tourism in Tasmania [starting early 2021], but the infrastructure upgrades will also create more local Tasmania jobs. This is the culmination of years of hard work. Our vision has been for Hobart to be a truly international airport and it's fantastic both the state and federal governments support that," Mr Cocker said.
21.01.2022 We’ll continue to prove our point with facts. The most important thing is ... how are you going to use this opportunity to your own advantage?
20.01.2022 It was nice to fly the Aussie real estate flag and accept an invitation to share some property market insights in this global publication. Australia’s management of the health pandemic and quick economic recovery is much lauded globally. We anticipate that Australian real estate will gain global popularity.
20.01.2022 They can’t go skiing or on an overseas holiday, their jobs are safe yet they’ve got all of this extra money. Interest rates are dirt-cheap. Put it all together and what do you get? Rising asset values!
19.01.2022 Real numbers. Real property. Real client. This could be you. Contact us here... https://www.propertyology.com.au/contact-us/ See more
19.01.2022 APRA chairman Wayne Byres told the hearing the last time the regulator intervened in the market, investor interest-only loans were running at 40 per cent of all loans being granted, but that was quickly halved. But he said there is no intention of intervening at the moment. There is little value on us stomping on first home buyers trying to get into the market, he told senators.... Asked if there is a threshold where APRA would intervene, Byres said no because you have to look at the context of the environment at the time.
19.01.2022 They say ... theres no jobs in the regions. We say ... which region are you talking about. Dont generalise, idiot. You have no idea what youre talking about... #propertyology #investwiththebest
18.01.2022 ROCKHAMPTON QLD: Defence Industry Minister Melissa Price has announced the expansion of Shoalwater Bay Training Area (SWBTA) under the Australia-Singapore Military Training Initiative (ASMTI) has reached a significant milestone with the start of major construction works. The defence force infrastructure projects construction workforce is expected to peak at 450 people.
18.01.2022 ... Looking at the Local Government Areas that are seeing the strongest growth over the past three months, it is overwhelmingly dominated by regional areas, said REAs Senior Economist, Nerida Conisbee.
17.01.2022 Now we’re down to below 1 per cent and it’s tightened right up. Rents are in the process of being increased. I wouldn’t have thought that would have happened back in April, said the real estate agent. But Propertyology isn’t the slightest bit surprised. We published a few reports in the months prior to the pandemic explaining the intense pressure on rents. A virus doesn’t add supply!
17.01.2022 An SMSF is a private superannuation fund that you manage yourself, rather than one that’s managed by a superannuation provider (think QSuper, Sunsuper) It can have up to four members, all of whom must be a trustee. This means that each member of the fund is equally responsible for decisions made about the fund and the fund’s compliance with relevant laws.
16.01.2022 NOOSA QLD: One high profile real estate agent said, in his 27 years of real estate experience, hed never seen such incredible buyer activity. And yet there is a plethora of people which society (wrongly) put up on a pedestal with the title of expert who predicted real estate values would fall by between 30% and 50%. Grr!
15.01.2022 DUBBO NSW: The region currently has MORE JOBS available than people to fill them. Yes, you read that correctly. Business leaders are looking at government initiatives to promote their high demand.
14.01.2022 GROWTH GROWTH GROWTH Tracking CoreLogic Australia's daily home value series [of the 5x biggest cities], the rolling 4-week change in housing values has held in positive territory (and gathered momentum) across Perth, Adelaide and Brisbane for most of September, while the rate of decline has been consistently easing across Sydney. Melbourne, where the market has largely moved into hibernation, continues to see values fall by around 1% from month-to-month... ~ Tim Lawless, CoreLogic [20 September] The rest of Australia is mirroring this and, many cases, performing even better. Fact!
14.01.2022 TAMWORTH NSW: The New South Wales Government has committed $28 million for the delivery of the Tamworth Intermodal Rail Line, which is set to support hundreds of regional jobs.
14.01.2022 A SAMPLE OF PROPERTYOLOGYS WORK If youre thinking of investing in your future, wed like you to think seriously about investing with the best. To contact Australias MOST EXPERIENCED property investment specialist, simply click here... https://www.propertyology.com.au/contact-us/
14.01.2022 The COVID crisis opens a new chapter for Australian manufacturing as a revitalised source of high-wage jobs, valuable exports and national income, said Prime Minister Scott Morrison when referring to the $1.5 billion package.
14.01.2022 If smashed avocado had anything to do with housing affordability over the last decade, scrambled eggs will be the dish of the 2020s. Simon Pressley, Propertyology Head of Research [August 2020] This is a permanent structural change to Australian real estate. While a virus doesnt reduce Australias total demand for housing, it is Propertyologys professional opinion that it will be the driving force of a transference of where that demand is required most.... ACT NOW: Exciting opportunities for property investors are already being created by this shift. Right now, asset values and rents are increasing in various parts of the country, some are already BOOMING and others are close to the start of a boom. As Australias most experienced buyers agents, wed love to chat about how we can help you to set up your financial future through investing in the right location, the right property at the right price. Heres how to CONTACT US https://www.propertyology.com.au/contact-us/
13.01.2022 STRUCTURAL CHANGE Read more here https://www.propertyology.com.au/heres-how-australian-real/
13.01.2022 Giving oneself the chance of making the best decisions starts by first reviewing 100% of your options. #InvestWithTheBest #AustraliasMostExperienced #Propertyology
12.01.2022 RYDER: ... Against that background, there are positive forces building which will turbocharge the situation and create a national property boom.... We haven’t had a genuine national real estate boom in Australia since the one from 2001 to 2004, when all the major markets experienced strong price rises.
12.01.2022 At a national level, the total demand for housing has not reduced, but the coronavirus will trigger a transference of housing demand from some parts of Australia to others, creating property market winners and losers. Covid policymakers have made decisions which restrict the earning capacity and lifestyles of some people. A segment of Australians will take control of their own destiny to reclaim those lifestyles and earning capacities. Propertyology has identified several demographics which are prime candidates. There will be a big enough critical mass to force a (permanent) structural change in Australian real estate.
12.01.2022 This weeks POSITIVE NEWS
12.01.2022 INSUFFICIENT PARTICIPATION 98 percent of Australia's rental supply is funded by the private sector (aka 'everyday Aussie property investors'). It has always been that way. Governments can barely afford to fund essential infrastructure and aged pensions. With the exception of social housing for the legitimately disadvantaged, it will never be government's role to fund rental supply.... Circa 35 percent of Australian households are rented. Every year, national demand for rental accommodation increases. The volume of real estate transactions each year needs to consistently be circa 35 percent to create sufficient extra rental supply. This graphic uses official data to prove that today's RENTAL CRISIS is a direct result of a significant reduction in investor activity over recent years. The *only* way to progressively reduce the widespread pressure on rents is to address the reasons which have created the reduced investor participation. Unfortunately, there are an awful lot of idiots who don't understand this.
12.01.2022 It is always good fun chatting with Kevin Turner about real estate. In this particular episode, Kevin devoted the entire show to Propertyology’s research. Simon shared insights for every capital city plus more than 20 regional locations. Watching this interview will give property investors a strong appreciation for the unique opportunities unfolding right now.
11.01.2022 ILLAWARRA NSW: These are some of the strategies outlined in the latest draft of the government's Illawarra-Shoalhaven plan, which highlights that the region will need at least an additional 58,000 homes by 2041.
11.01.2022 Crippled Melbourne! lifestyles livelihoods economy ... confidence property market Lets hope sanity prevails pronto.
11.01.2022 SYDNEY NSW: c1920's ~ 2021 Arden Street, Coogee. [Source: c1920s-@CoogeeDiggers>2021-K.Sundgren/by @KSundgren]
11.01.2022 YOURE IN SAFE HANDS A degree in property economics, a background in property finance, and many years of firsthand experience at buying hundreds of properties for everyday Aussies in locations (literally) all over Australia ~ Bryan Loughnan, Propertyology. To organise a teleconference with with one of Propertyologys specialists, contact us here... https://www.propertyology.com.au/contact-us/
11.01.2022 ADELAIDE HILLS: The region which includes towns like Lobethal, Woodside, Balhannah and Oakbank has seen real estate agents and locals report a keen hunger for the area’s housing on the back of a strong outpouring of community spirit.
11.01.2022 DUBBO NSW: ...We've seen an increase in business confidence right across our region, from easing drought conditions and increased agricultural activity; increasing tourism and visitation; COVID restrictions easing; and a pipeline of infrastructure projects," she said.
10.01.2022 Most landlords will still struggle to offload their property because of the perceived risks of high-rise apartments and preference for standalone homes. While we’re seeing some investor interest return to inner city areas it is unlikely to be as strong as it has been in the past, said Mr Kusher.
10.01.2022 Interest from mainlanders for buying real estate in Hobart has recently seen a huge spike according to search engine activity on realestate.com.au. Densely populated cities like Sydney and (especially) Melbourne are the most vulnerable to significant restraints on both lifestyle and earning capacity. Some people have already become proactive in a pursuit for greater freedom and Hobart appears to be at the top of peoples list. Very low supply of housing (resale and rental stock) is putting upward pressure on real estate prices.
10.01.2022 NEWCASTLE NSW: The City of Newcastle is detailing development priorities as it forecasts a 25 per cent boost to its population, stimulating demand for 19,450 new homes. Sydneys northern neighbour is set to grow by 41,150 residents to 202,050 by 2041.
10.01.2022 DUBBO NSW: "...We have seen this many, many times before over the years, Dubbo is so popular with the zoo... but compared with the past 10 years, this is quite exceptional now, that we are booking out right through the week, virtually," he said. Strong demand was seen at Taronga Western Plains Zoo which welcomed more than 25,000 visitors through the gates in two weeks. The Old Dubbo Gaol has 8,200 visitors, more than double the same time last year.
10.01.2022 RAVING FAN I've just bought my first investment property with Propertyology. There is literally nothing I didn't like about these folks. Their research is superb, and clearly explained. They have the customer service ethic down to a tee, and they dot every i and cross every t. I found the full suite package tremendously helpful. In a million years I'd not have been able to find the service professionals they found for me. It saved me time and worry and I feel like I've made a big decision supported by all the facts and professional help I could have needed. I cannot recommend them too highly. I'm now furiously saving so I can do it all again! Rachael W [Sydney, Sept 2020]
10.01.2022 9 March 2020, on the eve of Covid-19, Propertyology said: ... I’m absolutely delighted to see that the RBA, APRA, our big banks, and the federal government are (finally) on the same page. They have a ‘we’re in this together attitude... When the cast of thousands predicted an almighty property crash, Propertyology was ridiculed for forecasting the complete opposite. .... the pause button has been pressed on property markets for a few months... it’s a small window of opportu...nity for people to pounce... before long, people will come out of their cocoons and pressure on real estate prices will be intense... buying property will be akin to seagulls fighting over a trip... https://www.theaustralian.com.au//16e22947de7b4ec4d8d2ebb9
10.01.2022 One cant expect to achieve much out of life if they arent prepared to put in.
10.01.2022 Let our team of highly skilled professionals assist you with making a good decision. Here’s how https://www.propertyology.com.au/contact-us/
09.01.2022 The commentary in this report resembles what we publicly forecast back in March
08.01.2022 EXTREME UNDER-SUPPLY Competition over rentals in some of Australias regional towns is so fierce that some tenants are offering to pay three months rent in advance to secure a property.
08.01.2022 RECOVERY The ABS today released its latest jobs data (end of September). This graphic suggests most of Australia is now back to where it was directly prior to Covid. Propertyology is aware of several locations that have more jobs today than March. The exception is Victoria, which clearly has some challenges ahead due to the state lockdown.
08.01.2022 More cocoons open back up!
07.01.2022 It wont suit everyone but there certainly will be a big enough critical mass of people that it will suit for it to constitute a meaning redistribution of housing demand. Click here to listen to this thought provoking short radio interview between Propertyologys Simon Pressley and 3AW. https://omny.fm//why-its-highly-probable-therell-be-a-post
07.01.2022 It may be SEVERAL YEARS before inner-city apartment rents in Sydney and Melbourne next see an increase, but its a COMPLETELY different story throughout the rest of Australia.
06.01.2022 Of the foreign buyer transactions, 80% were residential and valued under $1m each. The properties were primarily located in Victoria, New South Wales and Queensland states which accounted for 94.6% of investment value and 92.2% of transactions. "Although foreign-buyer transactions are down, Australia's reputation has been buffed and shined to a new level of polish. The country is wisely managing the pandemic and is likely to have positive economic growth this year despite the crisis, he explained. Australia competes for investment with the other primary English-speaking countries. We believe 2020 will be a pivot point, after which demand by foreign investors, students, and residents will climb in Australia at the expense of the U.S. and the U.K.
06.01.2022 One can just imagine the rationalisation at the time of purchase: trendy apartment with all the mod cons fantastic precinct with cafes, restaurants, cinema and convenience store at the front door; located in one of the most affluent suburbs in Australia’s 3rd larger city, only 5-minutes from the CBD....... 9 years later it was sold for $252,000 less than the initial purchase price. There is always a risk of outcomes like this when one confuses ‘features-and-benefits’ with ‘fundamentals’.
06.01.2022 Within the space of just 6-months, their forecasts have swung 22%! https://www.savings.com.au//anz-house-prices-to-rise-9-in-
06.01.2022 What are you prepared to do right now to make it happen? #invest
05.01.2022 HOBART TAS: Two out of the 12 City Councillors said the six (6) storey inner-city apartment block was ... [wait for it]... still too high. Its attitudes like this which continue to keep a tight lid on housing supply in Tasmania.
05.01.2022 I’m predicting we are about to see the biggest property boom, and the first truly national boom, in Australia since the turn of the century. I won’t be surprised at all if several locations produce capital growth of circa 20% during the 2021 calendar year. ~ Simon Pressley [September 2020]
04.01.2022 Just to refresh a few things that we said on 6 April: for the moment, real estate prices are largely on hold while everyone is (temporarily) confined to cocoons... I absolutely love that Australia is going in to battle against this crisis with a united approach and a well-considered strategy. The state governments are collaborating with ScoMo while Frydenberg has finally managed to get all of our financial stakeholders (the RBA, APRA, ASIC and the banking sector) a...ll on the same page hallelujah "... as Australia gains confidence that we are getting on top of this nuisance germ, attention of all levels of government will turn to policies to crank the economy back up. Mark my words, the real estate sector will be right at the top of priorities..." As winter becomes spring, and spring becomes summer, we will all come bursting out of our cocoons with a renewed sense of freedom there will be an enormous release of pent-up demand for goods and services. For property, its likely to be akin to a flock of seagulls fighting over a chip
04.01.2022 The insights of Propertyology are being sought out globally. Asias appetite for Australian real estate hasnt diminished and one of the biggest publications in Asia recently reached out for objective commentary from us. Heres the story.
03.01.2022 DEMAND or DESIRE? Most people aspire to one day own a home. But wanting something creates zero demand unless one can actually afford to purchase it. The non-negotiable starting point for housing demand is having access to a big enough deposit so that one can take that first step onto the property ladder. This federal government policy is *the* best initiative for first home buyers that weve ever seen.... The policy has been incredibly popular. First-home buyers have been snapping up properties with less than $30,000 saved, under the government scheme that allows them to buy with just a 5 per cent deposit. When this policy is combined with near-zero interest rates, the surge in buyer activity for entry-level properties continues to put upward pressure on property prices. This is particularly the case in Australias most affordable locations.
02.01.2022 As winter becomes spring, and spring becomes summer, more and more buyers will come out of their cocoons. With such an under-supply of housing there will be immense pressure on property prices. It will be akin to seagulls fighting over a chip.... ~ Propertyology, March 2020. Here’s a bundle of evidence in this week’s POSITIVE news.
02.01.2022 Its not a term that youll find in the dictionary, its not a term that youll find in any kind of journal, its not a term that you will have heard others use... its a term that Propertyology has coined to best describe a new growth driver that will reshape Australian property markets. It is in your interest to understand what we mean by TRANSFERENCE OF HOUSING DEMAND.
02.01.2022 There's no doubt that there's a lot less confidence in the air today compared to this time 3-years ago. Whilst sentiment certainly does play a role in property market performance, there's many more components to fundamentals than 'mood'. Emotion can have such a dominant influence on people's perspectives, but it is often a recipe for poor quality decision making. Pragmatism is a valuable quality! When one removes the emotions and objectively reviews the macro real estate fund...amentals, conditions broadly are actually BETTER today than this time 3-years ago (when Sydney and Melbourne were booming). For a closer look at Australian property markets, here's our latest blog https://www.propertyology.com.au/fundamentals-aus-property/
02.01.2022 PERTH WA: With short supply and increased demand, agents are reporting homes being sold in as little as one week even before any marketing has started.
02.01.2022 CAIRNS QLD: ...Weve spoken to Victorians that have managed to come up here just after the borders closed, with the intention of holidaying and buying property, Mr Marsh said. And theyve said to hell with Melbourne, were not going back, Ive already rung the removalist to pack up my house, were buying something up here, were living up here.
01.01.2022 Six of 8 capital cities Sydney, Brisbane, Adelaide, Hobart, Canberra and Darwin have higher property prices as at the end of September than at the start of 2020. Darwin (up 6.6%), Canberra (up 4.3%) and Hobart (up 4%) have produced the highest growth. Most of the state and territory regional markets have also recorded rises in 2020, led by Regional Tasmania (up 7.1%), Regional South Australia (4.6%) and Regional NSW (up 4%).... So much for the biggest downturn ever seen
01.01.2022 Manufacturing equity: that’s an interesting term
01.01.2022 Nationally, a majority of 13 industries now had positive confidence, which is the best result since February. Those industries with the highest confidence were Transport, Postal & Warehousing (144.6), Public Administration & Defence (141., Property & Business Services (135.6), Wholesale (123.0) and Mining (116.1). Industries which have had a boost in confidence were Education & Training (110.1), Construction (109.5) and Community Services (109.4) which are all now above the national average.
