Construction cost pressures easing at last (Land Cycle webinar, Thursday 6pm)

Land Cycle Investor

On Thursday at 6pm I'll be joining Catherine Cashmore from Land Cycle Investor to do a live webinar and Q&A. 

This live webinar is officially for Cashmore's subs, but as a lucky loyal blog reader you can join us for free with the details below:

Time: Apr 18, 2024 06:00 PM Australia/Melbourne

Join Zoom Meeting
https://us06web.zoom.us/j/82498439030?pwd=laCsC4azVVOlzCWmzraPLiUxOonvgX.1

Meeting ID: 824 9843 9030
Passcode: 883621

Have your questions ready, and see you there on Thursday. 

Oil prices hedge

I've been saying to my property clients for a long time that - for my situation anyway - my preferred hedge is energy stocks at the moment. 

That's on the basis that there's only really two possible outcomes here. 

If global demand drops and oil prices fall, then, well, happy days, my mortgage repayments will probably get cheaper too over the next few years. 

If on the other hand the mess really hits the fan in the Middle East and oil prices spike to above $100, at least you'll be as well positioned for that particular chaos as you can be.

Disclosure: holding.

Disinflation news

In other news, Australia's construction cost inflation has fallen to the lowest level in 17 years in the March 2024 quarter, according to CoreLogic's Construction Cost index, at +2.8 per cent over the year. 

Construction costs, including the price of materials and trades, have been a major part of the inflation story over the past four years.

We're not completely out the woods yet, with construction unions in Queensland pushing for more large pay rises for the 2025 tax year, and this is not helping homebuilders with their already very tight margins. 

But overall, a 17-year low in construction cost inflation is obviously very welcome news. 

You can read the CoreLogic report here. 

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