AussieTycoon
08-02-08, 09:45 PM
Hey All,
Not sure if you are aware of a fantastic Australian Property blog type website written by Neil Jenman (http://www.jenman.com.au/). I have been a subscriber of his reports and articles for about 12 months now and he never fails to deliver an honest, fact based view on the Australian property market, with the intention of protecting honest investors and property buyers.
I recently received an email via the subscriber list of a report posted on Neil's Website (http://www.jenman.com.au/) written by Terry Ryder (http://www.hotspotting.com.au/) creator Hotspotting.com.au | Helping Real Estate Investors find the Next Big Thing (http://www.hotspotting.com.au/)
This report is great and is a must read for anyone who is already invested or looking to invest somewhere in the Australian property market, it is an un-biased factual report based on the wealth of experience that Terry Ryder has proven himself to have within the Australian Property Market, the report is quite long, so I have just posted a few snippets from the report for you to read over, but I highly recommend you check out the full report here - "PROPERTY REPORT - February 2008 - Consumer Reports" (http://www.jenman.com.au/news_subscribers_item.php?id=16&Section=Reports)
Note: You may need to subscribe to Neils site to view the report.. I highly recommend becoming a subscriber!
Introduction:
It's full steam ahead to the recent past.
If in doubt, predict the recent past. That appears to be the approach of many analysts in forecasting likely events for 2008: Adelaide, Brisbane, Canberra and Melbourne will be strong, Sydney will lag behind, and Perth and Darwin will go backwards.
That's what happened in 2007. So effectively, for want of an original thought, they're predicting what just happened.
BIS Shrapnel, for example, sees solid price growth this year and over the next three years in Melbourne, Brisbane, Adelaide and Canberra. But it predicts prices will fall in Perth and that Darwin and Sydney will lag other cities in price growth.
Analysts are also predicting 2008 will be Groundhog Day for tenants. They'll keep waking up to stories of rising rents, just like in 2007. Commentators reason that the combination of ongoing very low vacancies and low levels of new construction will continue to produce big rent rises. The average vacancy across Australia in the September quarter, according to the Mortgage Choice/REIA Market Facts report, was 1.9%, the lowest on record. All of the capital cities have a vacancy rate below 2.5%, with five of the eight capitals reporting vacancies below 1.5%..... read more (http://www.jenman.com.au/news_subscribers_item.php?id=16&Section=Reports)
Terry also does a state by state analysis of how he sees the direction of the property market in 2008, here is a few quick snippets from the report;
Adelaide:
If you'd listened, you'd be 20-30% better off
Some analysts are brilliant at predicting the past. Currently there are hordes of market commentators telling people to buy in Adelaide because it will be the next boom city.
The thing is, it already is. This report advised investors a year ago that Adelaide was set to become "the next Perth" - by which we meant that Adelaide would be the next capital city to have surging property values on the back of the resources boom.
Throughout 2007, Adelaide delivered. Now everyone is predicting it.... read more (http://www.jenman.com.au/news_subscribers_item.php?id=16&Section=Reports)
Canberra:
The fastest, the hottest and lots of stamina: yes, we're talking about Canberra
I've stopped being surprised at finding Canberra near the top of the national ladder of real estate performance. It features every time these days. Government is clearly a growth industry.
And now the national capital has claimed a new title: Fastest market in the land. According to RP Data, the fastest market among the capital cities is the Canberra apartment market, with properties typically selling within 17 days.... read more (http://www.jenman.com.au/news_subscribers_item.php?id=16&Section=Reports)
Melbourne:
Good old solid dependable Melbourne: the stayer of Aussie real estate
I saw some figures recently which charted annual price movements in the eight capital cities since 1995 - and I realised something amazing about Melbourne. It has never had a single major boom year, where prices grew 25% or 35%.
Sydney (25% in 2002), Brisbane (31% in 2004), Adelaide (29% in 2003), Perth (35% in 2006), Canberra (40% in 2003) and Darwin (25% in 2006) have all had crazy years - but Melbourne never has. And yet - and this is the key information - Melbourne has one of the highest average annual growth rates over 12 years among the major cities.
The report is extremely comprehensive, as said before a must read for anyone interested in investing in the Australian Property market, not only that there is a whole heap of fantastic other articles on Neil Jenman's (http://www.jenman.com.au/) website, so I highly encourage everyone to go and check it out.
Not sure if you are aware of a fantastic Australian Property blog type website written by Neil Jenman (http://www.jenman.com.au/). I have been a subscriber of his reports and articles for about 12 months now and he never fails to deliver an honest, fact based view on the Australian property market, with the intention of protecting honest investors and property buyers.
I recently received an email via the subscriber list of a report posted on Neil's Website (http://www.jenman.com.au/) written by Terry Ryder (http://www.hotspotting.com.au/) creator Hotspotting.com.au | Helping Real Estate Investors find the Next Big Thing (http://www.hotspotting.com.au/)
This report is great and is a must read for anyone who is already invested or looking to invest somewhere in the Australian property market, it is an un-biased factual report based on the wealth of experience that Terry Ryder has proven himself to have within the Australian Property Market, the report is quite long, so I have just posted a few snippets from the report for you to read over, but I highly recommend you check out the full report here - "PROPERTY REPORT - February 2008 - Consumer Reports" (http://www.jenman.com.au/news_subscribers_item.php?id=16&Section=Reports)
Note: You may need to subscribe to Neils site to view the report.. I highly recommend becoming a subscriber!
Introduction:
It's full steam ahead to the recent past.
If in doubt, predict the recent past. That appears to be the approach of many analysts in forecasting likely events for 2008: Adelaide, Brisbane, Canberra and Melbourne will be strong, Sydney will lag behind, and Perth and Darwin will go backwards.
That's what happened in 2007. So effectively, for want of an original thought, they're predicting what just happened.
BIS Shrapnel, for example, sees solid price growth this year and over the next three years in Melbourne, Brisbane, Adelaide and Canberra. But it predicts prices will fall in Perth and that Darwin and Sydney will lag other cities in price growth.
Analysts are also predicting 2008 will be Groundhog Day for tenants. They'll keep waking up to stories of rising rents, just like in 2007. Commentators reason that the combination of ongoing very low vacancies and low levels of new construction will continue to produce big rent rises. The average vacancy across Australia in the September quarter, according to the Mortgage Choice/REIA Market Facts report, was 1.9%, the lowest on record. All of the capital cities have a vacancy rate below 2.5%, with five of the eight capitals reporting vacancies below 1.5%..... read more (http://www.jenman.com.au/news_subscribers_item.php?id=16&Section=Reports)
Terry also does a state by state analysis of how he sees the direction of the property market in 2008, here is a few quick snippets from the report;
Adelaide:
If you'd listened, you'd be 20-30% better off
Some analysts are brilliant at predicting the past. Currently there are hordes of market commentators telling people to buy in Adelaide because it will be the next boom city.
The thing is, it already is. This report advised investors a year ago that Adelaide was set to become "the next Perth" - by which we meant that Adelaide would be the next capital city to have surging property values on the back of the resources boom.
Throughout 2007, Adelaide delivered. Now everyone is predicting it.... read more (http://www.jenman.com.au/news_subscribers_item.php?id=16&Section=Reports)
Canberra:
The fastest, the hottest and lots of stamina: yes, we're talking about Canberra
I've stopped being surprised at finding Canberra near the top of the national ladder of real estate performance. It features every time these days. Government is clearly a growth industry.
And now the national capital has claimed a new title: Fastest market in the land. According to RP Data, the fastest market among the capital cities is the Canberra apartment market, with properties typically selling within 17 days.... read more (http://www.jenman.com.au/news_subscribers_item.php?id=16&Section=Reports)
Melbourne:
Good old solid dependable Melbourne: the stayer of Aussie real estate
I saw some figures recently which charted annual price movements in the eight capital cities since 1995 - and I realised something amazing about Melbourne. It has never had a single major boom year, where prices grew 25% or 35%.
Sydney (25% in 2002), Brisbane (31% in 2004), Adelaide (29% in 2003), Perth (35% in 2006), Canberra (40% in 2003) and Darwin (25% in 2006) have all had crazy years - but Melbourne never has. And yet - and this is the key information - Melbourne has one of the highest average annual growth rates over 12 years among the major cities.
The report is extremely comprehensive, as said before a must read for anyone interested in investing in the Australian Property market, not only that there is a whole heap of fantastic other articles on Neil Jenman's (http://www.jenman.com.au/) website, so I highly encourage everyone to go and check it out.