Pete Wargent blogspot
Friday 29 April 2022
Housing credit impulse fades some more
Thursday 28 April 2022
Lucky Country
Wednesday 27 April 2022
Inflation lifts at last
Tuesday 26 April 2022
Kent Lardner: How to pick outperforming suburbs
Property pod
This week on the pod, Kent Lardner from Suburb Trends explains how we analyses the housing market at the suburb level, and the key trends he has found.
Tune in here (or click on the image below):
You can also tune in at Apple podcasts, or Spotify, or elsewhere.
And you can listen at Youtube here:
Monday 25 April 2022
Oil price now disinflationary
Friday 22 April 2022
Wednesday 20 April 2022
Cities exploding back to life
City revival
I took this photo of Elizabeth Street in Sydney - during working hours! - on Monday January 17.
Pitt Street Mall this afternoon, absolutely chockers.
Great to see.
Rental trends
Rental vacancies ran extraordinarily high in some Sydney inner-city markets, but have normalised quite quickly this year.
This is Pyrmont, for example (charts via SQM Research):
Source: SQM Research
The weekly rental listings figures suggest that national rental vacancies have continued to decline from 16-year lows through April month to date.
This is Erskineville, in Sydney's inner west.
I've been to Melbourne over the past few weeks, and although Docklands was still showing some signs of tumbleweeds and empty cafes, the Melbourne CBD itself is by and large back to its former hustle and bustle, a few boarded up shops notwithstanding.
Even the Docklands rental vacancies appear to have normalised, in any case.
South-east Queensland has benefited from the highest interstate migration on record, and indeed even inner-city suburbs are now experiencing tight rental markets.
New Farm and Teneriffe, by way of a prime example:
And this is before international students and tourism numbers get back to hitting their straps.
Interestingly on parts of the Sunshine Coast we're just starting to see the first signs of an increase in rental vacancies, possibly representing a nascent tenant pushback against the surge in asking rents (although the main strip of the Gold Coast remains extremely tight).
Reports of the death of the Central Business District have been somewhat exaggerated...
Tuesday 19 April 2022
Property Pod: Property investors going bush
Monday 18 April 2022
Blunder Down Under
Friday 15 April 2022
Rental vacancies approaching zero
Thursday 14 April 2022
Unemployment falls to 3.95pc
Unemployment with '3'...sort of
A solid labour force release saw full time employment increasing by 20,500, and total employment increasing by 17,900, to record high of 13,389,000.
The weakest part of the release was monthly hours worked, which declined over the month, to be lower than a year ago.
The twin reasons for this were flooding and the Omicron coronavirus variant, leading to more absences from the workplace in March.
Overall, this was a pretty solid release, but may just be unspectacular enough to keep interest rates on hold until June, by which time we'll likely have a new government, and more information will have come to light on wage price growth and consumer price inflation.