Performance Property Data
“Make sure that if you’re going to get a lawyer to do the work for you in a conveyancing space, that they are actually property lawyers.”
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Coming to you from Perth, with the magnificent Swan River behind him, David gives you a quick definition of “vacancy rate”.
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Sharon and Heath Bedford chat about the relationship between house and unit prices. And while there is a correlation between house and unit prices, it isn’t as simple as one going up and down with the other. Lag times between the markets, and a number of other factors including supply, demographics, and high house prices pushing people to unit purchases, factor into how the markets move.
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“Banks have reacted very quickly, and have shut down lending to a lot of people.”
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“If you are looking at heading over there, if there’s any negotiations in your contract talks, US dollar is always the main one to go for.”
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Sharon and Phil are discussing underemployment in this new Insight. Currently in Victoria, underemployment is trending upwards, while unemployment is trending downwards. They chat about how this stat may impact the housing market.
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“Unfortunately when vendors are in that distressed state, there can be real knee-jerk reactions at times…”
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Short-term arrivals is a measure of the passenger arrivals at airports, and is a metric recorded for both international and domestic travellers. It is used by Performance Property Advisory to record the number of people coming to Australia or a particular area. In almost all cases, it is positively correlated with property prices.
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“Trying to sell a single-fronted cottage in North Adelaide without a carpark…the market sees it as an issue.”
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“The only option I had was to sell my house.”
info_outlineSharon and David are in Brisbane and chatting about bedroom approvals. This is a metric - when used in conjunction with other stats - that helps determine if a market is undersupplied or oversupplied. It is done by estimating the number of bedrooms in a particular area, as compared to the number of people.
‘Performance Insights’ is one of three segments you will hear on the Performance Property Data podcast. They are released every Wednesday and Friday, boosting your technical knowledge and giving you the lowdown on key property markets around Australia. You can also view these episodes as videos on our youtube channel.
‘The Property Pineapple’ is released every four weeks, and hosted by Sharon Taylor (Research Analyst - Performance Property Advisory). The show presents listeners with stories from real investors, discussing their wins and admitting their losses.
‘Property Insiders’ is also released every four weeks and are conversations between David McMillan (Director Acquisitions - Performance Property Advisory) and industry leaders offering knowledge and expertise.
For more information about how Performance Property Data can help you maximise your investment dollar, head to www.performancedata.com.au