Formerly the “Property Planner, Buyer and Professor” podcast
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Capital City Highlights
Darwin leads the chase by a very large margin, and the Trio discuss the chances of double-digit growth for 2025.
They note that every capital is sitting in positive growth territory for the past month and while Darwin is galloping, Perth’s 0.9% increase in one month is impressive too.
Could Darwin’s median value eclipse that of Hobart’s?
The Trio posit: How small does a city have to be to have capital growth rates influenced by Buyer’s Agents?
What is Happening with Rents?
Is affordability biting and behaviours changing in response to this?
They suggest some possible reasons why the pace of rental growth is slowing down.
Factoring in share housing, increasing household formation rates, re-partnering of couples following COVID and a slowdown in skilled migration have all contributed to a slowdown in rental growth.
Source: Cotality
Rental Yields & Investor Trends
Gross rental yields tell an interesting story for some of our cities.
Brisbane’s rental yield has shown a subtle shift downwards.
Recently on par with Melbourne and Adelaide for some time, the slight reduction signals the fact that the rental growth hasn’t kept up with the capital growth.
Hobart’s tight stock supply has the Trio talking.
A city of over a quarter of a million people only has 335 available dwellings; surely a challenging imbalance and one that explains the tight vacancy rate.
Source: Cotality
Listings Drop, Pressure Builds
Total listing numbers are down when contrasted against the same time last year, but not all cities are exhibiting tighter stock numbers.
The Trio reflect on the Old Listings data and draw on the annual change for Darwin in particular.
What does this indicate about investor behaviour and does it signal a risk for investors who aren’t selecting carefully?
Source: SQM Research
The RBA Rate Decision
The Trio chat about Governor Michelle Bullock’s speech about the recent rate cut.
They were surprised at our Reserve Board Governor’s openness about further rate cuts.
When contrasted against her previous board meeting speeches, her willingness to boldly discuss more cash rate cuts was stark.
Source: ASX
Productivity Challenges
Productivity continues to remain a key concern and in the face of reasonably strong employment figures and lower inflation levels, it seems the RBA have more challenges to keep an eye on.
Lastly, the Trio wrap up with a great overview of productivity and what it means for our nation.
Source: ABS
Resources
The Property Planner’s Monthly Market Update
And if you’ve enjoyed this show, take a listen to these eps:
- 19 TIME IN the market v TIMING the market
- 21 Why price point should determine location and strategy
- 129 What is contrarian investing and how can you make it work for you?
- 158 How interest rate cycles have impacted the property market since 1990 when the RBA first started targeting the cash rate and some predictions on what will happen this time
- 164 Analysing regional locations – What investment principles can be gleaned from the highest performing regions in each state? Comparing capital city vs regional performance from 2003 – before and after covid
