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23.01.2022 Economic stimulus packages for housing...Why? As the restrictions start to unwind, thoughts are now turning to how the economy could be kickstarted. The PCA, HIA, UDIA and Master Builders Association have all called for amounts of between $40,000 and $50,000 to be used as grants for new home builds with various volumes per quarter up to 2021. There are numerous issues with these well intentioned suggestions that may in fact not be what is needed; so let’s unpack some of them.... Currently the borders are closed to international and interstate migration. International migration in 2019 accounted for over 230,000 people. Natural growth almost got to 140,000. Who are we building homes for? Almost every capital city has a reasonable supply of existing housing and most regional centres are also well supplied. By encouraging more building, the result is likely to place additional pressure on values as existing levels of stock are not absorbed. To read more: https://lnkd.in/g-DCbza

20.01.2022 Somerset Retirement Village by Aura Holdings The retirement village industry continues to represent an important accommodation option for retirees who are looking for more than just a house in their residential neighbourhood. The potential buyer now has a wide choice of independent living units, serviced apartments with some operators also offering higher levels of care as part of the package. In more recent years, vertical retirement villages have become more popular with de...velopers and operators as it has allowed residents the capacity to live in more cosmopolitan environments than was previously possible. And if you’re like Aura Holdings, you actually get to create a retirement village in the heart of a prestigious golf course only a short drive (pardon the pun) from a regional sized shopping centre, sandstone university, the Brisbane River and of course the CBD and everything that has to offer. Don’t for one minute think that retirees have removed themselves from commerce completely. Many still sit on boards, act as mentors and remain highly engagedas well as enjoying a round of golf or two. https://www.nprco.com.au//somerset-retirement-village-rela

19.01.2022 Every so often we are lucky enough to work on projects outside of Australia’s capital cities. As someone who loves rural and regional Australia, Yungaburra was a destination that the author had never visited before. Perched on the banks of Lake Tinaroo on the Atherton Tablelands, Yungaburra Waterfront represents the latest opportunity for people to purchase waterfront land in what can only be described as beautiful part of Australia. This is where farm land joins the country town, streams are home to platypus and the lush rainforest that links Cairns to Atherton are literally just minutes away. With all of these attributes, the Rankine family continued to lobby council for years in order to secure an approval and it appears that the market is willing to support them. https://www.nprco.com.au//yungaburra-waterfronta-gem-on-th

19.01.2022 Local Government Economic Recovery Strategies, are we doing it right? There appears to be a common desire at present for various government bodies to pursue an economic recovery plan from the pandemic. This should be applauded as our officials start thinking about what the immediate opportunities and stress points will be. At a local government level, the level where the rubber actually hits the road, I’m not sure our strategies are reaching their full potential. In South Eas...t Queensland, much of the planning and strategies for the region loosely fall out of the SEQ Regional Plan and arguably the various infrastructure plans. However the true economic development of the region is being discussed at an individual local government level, as are the various housing strategies. This mentality adopts an inwardly focussed approach whilst somewhat dismissing the connectivity of the region and thereby the strengths associated with the broader region. https://www.nprco.com.au//local-government-economic-recove

18.01.2022 What does a Covid-19 recovery look like for real estate? There has been much written about what a post pandemic recovery looks like and what shape it might take. I’m going to go out on a limb here and say that society isn’t going to look any different. In fact, if you can remember back to 2018 and 2019, maybe 2021 but certainly 2022 should probably look like those two years both in terms of economic and societal shape in many ways. What has really changed? There has been a pa...ndemic which shut certain industries down but has benefited many other industries. These closures are artificial in nature, not market driven. There is an enormous difference in how this does or does not impact change. Children have been sent home from school, but will return to school. Travel has been lifted from non-essential to now allowing for a slightly greater degree of freedom within 50km’s of one’s address. This will continue to improve. Our mode of travel has become more dependent on the car, not less as the consumer sees public transport as a high risk to personal health. As things return to normal, it is possible that congestion will get worse, not better. To read more https://lnkd.in/gtx_YPh #realestate #property

18.01.2022 Buy, sell or sit on the fence? The question of buy, sell or do nothing are strategies that are all important at different times of the cycle and often highly qualified on individual and geographical circumstances. So what are the key considerations? Would I rather sell in a market that has lots of choice or limited choice? This is the buyer’s conundrum at present. The volume of property on the market has shrunk considerably during the Covid-19 pandemic as potential vendors wh...Continue reading

14.01.2022 Is it time to rethink our regional centres? There has been a lot of focus on the greater capital city regions during the Covid-19 period, with many of the non-urban centres barely rating a mention. Many residents in these towns would suggest that this is standard fare when the vast majority of power-brokers call the cities home. With the most recent employment data for the regions still lagging by six months, the question actually has to be asked, Were the regions better equipped to deal with the downturn and why was that so? https://www.nprco.com.au//is-it-time-to-rethink-regional-c

14.01.2022 Time for some positive news So what are the positives? Well it has been very easy to write about the potential doom and gloom around the pandemic ranging from wobbly residential markets to vacant office buildings, so perhaps it is time to step back and take a look at the bigger picture. Readers need to be warned, only positive data will be selected this week https://www.nprco.com.au//2020/7/29/time-for-some-positive

11.01.2022 What does the residential market look like when the borders are closed? Read our current newsletter and see just how important population movement is to our housing markets and general economy. You might be shocked by the quantum involved. http://nprco.com.au/nprco-blog

09.01.2022 So what has changed? In October 2019, the results of the Australia Talks survey where more than 50,000 respondents answered numerous questions about themselves, neighbourhood, expectations and concerns was completed. As we approach a full year since the survey was undertaken, the relevance of some things has become more heightened, whilst others are likely to have slipped into the background, at least for the time being. So let’s take a look at some of the really interestin...g outcomes. It seems city folk, particularly those in the inner city suburbs aren’t all that neighbourly despite arguably having significant amounts of funds directed at creating lifestyle opportunities. It isn’t until we get to the regional and rural centres that people tend to know their neighbours, and often with good cause. Neighbourliness in rural centres also forms a closeness that comes with the need for reliance should something go wrong, shared borders and a more aligned sense of purpose. Long before any Pandemic hit, rural Australia was always in it together. https://www.nprco.com.au//2020/8/5/one-year-on-what-has-ch

08.01.2022 As we continue to ponder what the post pandemic world will look like, many property sectors have been caught off guard, the neighbourhood retail product being one of them. In general the regional and sub regional retail centres have had to continue to evolve in order to remain relevant. Is it time that those neighbourhood retail centres took on a greater role in suburbia and once again became focal points for community engagement? With more people considering working from hom...e, even if only some of the time, neighbourhood retail has a very important responsibility in the future placemaking of the middle and outer ring suburbs. To read more... http://nprco.com.au//neighbourhood-retailits-your-time-to-

05.01.2022 Covid 19The Demise of the Apartment Building There is that expression, if you say something for long enough, you’ll probably be proved right. This probably has more relevance to economists than most other professions, though I suspect they all have their nuances. Certainly the pandemic sweeping the world has meant that many of the things that are held as foundations are being questioned, apartment living is certainly one of them. So what has fundamentally changed and are t...hese temporary or longer term issues? There has been a narrative that the dream of living close to work (usually the CBD or inner city) or educational institutions is no longer valid and that telecommuting is the new black. The concept of office work hasn’t changed, though the ability to work from home has. In typically extreme ends of the spectrum arguments which society or social media tends to perpetuate, it is highly unlikely the majority of the white-collar workforce will end up at home five days of the week. There are very good reasons why this shouldn’t occur which relate to mental health, domestic violence and loneliness. Some may also argue that working remotely can inhibit creativity because a zoom meeting is not the same as a face to face conversation where something can be more easily explained and demonstrated in a human to human interface with no electronic intermediary. Living close to work is still highly desirable for many people and an apartment is often the most affordable way of achieving this. Living close to work though is very different to working from home and many people need the separation of work and home. To read more ... http://nprco.com.au//covid-19the-demise-of-apartment-living