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_outline“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.”
In the final instalment of The Property Pineapple for 2018, Sharon welcomes Lynda Sanders into the studio. Lynda is the principal at the law firm Dixon & Sanders, who specialise in property and commercial law. In a wide ranging discussion, Sharon and Lynda chat about conveyancing, Property Exchange Australia (PEXA), tips for buyers and vendors, and her own property investing experience.
This is the last Property Pineapple release from Performance Property Data for 2018. We will be back with more after the summer.
About Sharon’s guest, Lynda Sanders
Lynda has extensive property and commercial law experience and can assist clients with all of their property and business law needs.
Lynda has worked in a variety of legal settings as an in-house leasing solicitor for the Sussan Group (a major Australian retailer), as well as in private practice with the mid-tier firm Herbert Geer, and boutique firms such as Marshalls & Dent, and Schetzer Constantinou Lawyers.
Due to the diversity in her practical experience, she brings a commercial approach to all matters and actively looks for solutions to any challenges that may arise during any transaction.
About your host, Sharon Taylor…
Sharon heads up the research division at Performance Property Advisory. She is responsible for the aggregation of economic and property data sources, as well as deep analysis of the data to provide quarterly reports on each capital city of Australia.
These reports identify between 5 and 8 submarkets in each capital city, and provide an opinion as to the short term performance of each submarket. This information is vital for clients to maximise the performance of existing assets, and also for selection of new blue-chip investment locations.
‘The Property Pineapple’ is one of three segments you will hear on the Performance Property Data podcast. 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’ are also released every four weeks and are conversations between David McMillan (Director Acquisitions - Performance Property Advisory) and industry leaders offering knowledge and expertise.
And ‘Performance Insights’ are released every Wednesday and Friday, giving you technical information and the lowdown on key property markets around Australia.
For access to exclusive insights and offers, become a member of the community at www.performancedata.com.au