Nerida Conisbee Ray White Group Chief Economist The latest population projections from the Australian Bureau of Statistics (ABS) have just been released. While getting long term projections correct is notoriously difficult, the reality is that in the next 48 years we are very likely to have a much bigger Australia. … Read more
Nerida Conisbee Ray White Group Chief Economist The number of single people purchasing homes is falling but becoming more evenly matched by gender. Increasing cost of housing has meant that the proportion of single people purchasing homes is falling. In 2014, an estimated 26.2 per cent of purchasers were single. … Read more
Nerida Conisbee Ray White Group Chief Economist Standard investment advice is to always buy a house instead of an apartment if you can afford to do so. The primary reason being that house price growth always exceeds unit price growth over the long term. While this is often the case, … Read more
Nerida Conisbee Ray White Group Chief Economist Private investors (“mum and dad” investors) provide most rental properties in Australia. If tax policy is changed that makes owning a rental property less attractive, there will immediately be far fewer rental properties available. Right now there is no group that can step … Read more
Nerida Conisbee Ray White Group Chief Economist There was no rate cut last week but with markets now pricing in two cuts this year, it seems to be enough to drive demand for property. Property inspections are high, listing authorities are showing that more people are coming to market and … Read more
Plans have been approved to build a new library and community centre in the Whitsundays, saving ratepayers more than $300,000 in rents per year. Whitsunday Regional Council became the trustee of reserves at Galbraith Park off Shute Harbour Rd in Cannonvale after the former cane farm land was gazetted in … Read more
Nerida Conisbee, Ray White Group Chief Economist Perth remains the strongest market in Australia with house prices up 15.3 per cent over the past 12 months and 0.6 per cent up in January. Unit price growth is also strong however prices are up slightly more in Adelaide (up 10.4 per … Read more
Australian median house prices increased by $75,000 over the past 12 months. In many parts of Australia however, the increases were far higher, despite a sharp rise in interest rates during the year. Although the cost of finance soared, there was no shortage of money to buy in some of … Read more
Nerida Conisbee Ray White Group Chief Economist A distinct change to the interest rate outlook occurred at the end of last year. In early December there was a view that we were in for at least one more rate rise. In mid December however, a sharp drop in US inflation, … Read more
Nerida Conisbee, Ray White Group Chief Economist Over the past decade, luxury houses have experienced a far stronger rate of growth than the rest of the market. Median priced houses have increased by 78 per cent. In comparison, houses priced in the top five per cent have doubled. A luxury … Read more