Frank Valentic’s Post

// 📈 City Housing Markets Surge: Valuers Predict Significant Price Increases for Apartments and Houses 🔥 The latest CBRE survey indicates a strong outlook for apartment and house prices in major city markets over the next 12 months. Valuers are particularly optimistic about Perth, with more than half predicting apartment values to rise by at least 5%, and nearly one-fifth expecting similar growth for Sydney apartments. Brisbane and Adelaide are also expected to see significant gains, with 37% and 28% of valuers, respectively, forecasting a 5% increase in apartment values. This marks a substantial improvement from the previous quarter's predictions. As reported in the AFR, house prices are also expected to climb, especially in Perth, Adelaide, and Sydney. Nearly one out of five valuers predict Perth's house prices will increase by more than 10%, while a higher percentage anticipate at least a 5% rise in Adelaide, Sydney, and Brisbane. The robust demand, coupled with low stock levels and strong population growth, supports these positive forecasts. As new apartment supply remains limited and construction costs have surged, existing properties are becoming more valuable, further driving up prices in these city markets.

Where can you find #affordable homes in Australia? Real estate group PRD Real Estate latest Affordable and Liveable #Property Guide has revealed where house and unit buyers can stretch their budgets the furthest in Sydney, Melbourne, Brisbane, and Hobart. An ‘affordable’ suburb was defined as a suburb that has a lower median house/unit price compared to the relevant metro area. Brisbane was the top city for affordable units, with 60.3% of its suburbs meeting this classification. Melbourne came in second, with 47.3% of its unit suburbs deemed affordable with a median price of $610,000 – lower than Brisbane’s $730,000. Hobart followed closely with 45.9%, while Sydney trailed at 41.4% with a median unit price of $850,000. When it comes to houses, Hobart was the clear winner, with 40.4% of its suburbs affordable, compared to Sydney’s low of 12.1%. PRD chief economist Dr Diaswati (Asti) Mardiasmo said the shift towards purchasing units was “inevitable” given that nearly half of unit markets (48.7%) remain affordable across these four capital cities, compared to just 29.2% for houses.

 Where can you find affordable homes in Australia? Real estate group PRD’s latest Affordable and Liveable Property Guide has revealed where house and unit buyers can stretch their budgets the furthest in Sydney, Melbourne, Brisbane, and Hobart. An ‘affordable’ suburb was defined as a suburb that has a lower median house/unit price compared to the relevant metro area. Brisbane was the top city for affordable units, with 60.3% of its suburbs meeting this classification. Melbourne came in second, with 47.3% of its unit suburbs deemed affordable with a median price of $610,000 – lower than Brisbane’s $730,000. Hobart followed closely with 45.9%, while Sydney trailed at 41.4% with a median unit price of $850,000. When it comes to houses, Hobart was the clear winner, with 40.4% of its suburbs affordable, compared to Sydney’s low of 12.1%. PRD chief economist Diaswati Mardiasmo said the shift towards purchasing units was “inevitable” given that nearly half of unit markets (48.7%) remain affordable across these four capital cities, compared to just 29.2% for houses. #property #realestate #homeloans

Where can you find affordable homes in Australia? 🤔🔮 Real estate group PRD’s latest Affordable and Liveable Property Guide has revealed where house and unit buyers can stretch their budgets the furthest in Sydney, Melbourne, Brisbane, and Hobart. An ‘affordable’ suburb was defined as a suburb that has a lower median house/unit price compared to the relevant metro area. Brisbane was the top city for affordable units, with 60.3% of its suburbs meeting this classification. Melbourne came in second, with 47.3% of its unit suburbs deemed affordable with a median price of $610,000 – lower than Brisbane’s $730,000. Hobart followed closely with 45.9%, while Sydney trailed at 41.4% with a median unit price of $850,000. When it comes to houses, Hobart was the clear winner, with 40.4% of its suburbs affordable, compared to Sydney’s low of 12.1%. PRD chief economist Diaswati Mardiasmo said the shift towards purchasing units was “inevitable” given that nearly half of unit markets (48.7%) remain affordable across these four capital cities, compared to just 29.2% for houses. LMS Takeaway - House v Unit. What is better? Better to buy a unit now or wait until I can afford a house? That all depends on your life stage and earning capacity. Every answer is unique. If you want to workshop this with one of our experts, contact us #property #realestate #investing #realestateaccountants

Where can you find affordable homes in Australia? Real estate group PRD’s latest Affordable and Liveable Property Guide has revealed where house and unit buyers can stretch their budgets the furthest in Sydney, Melbourne, Brisbane, and Hobart. An ‘affordable’ suburb was defined as a suburb that has a lower median house/unit price compared to the relevant metro area. Brisbane was the top city for affordable units, with 60.3% of its suburbs meeting this classification. Melbourne came in second, with 47.3% of its unit suburbs deemed affordable with a median price of $610,000 – lower than Brisbane’s $730,000. Hobart followed closely with 45.9%, while Sydney trailed at 41.4% with a median unit price of $850,000. When it comes to houses, Hobart was the clear winner, with 40.4% of its suburbs affordable, compared to Sydney’s low of 12.1%. PRD chief economist Diaswati Mardiasmo said the shift towards purchasing units was “inevitable” given that nearly half of unit markets (48.7%) remain affordable across these four capital cities, compared to just 29.2% for houses. #property #realestate #homeloans #therentalspecialists

𝗧𝗵𝗲 𝗩𝗶𝗲𝘁𝗻𝗮𝗺𝗲𝘀𝗲 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗣𝗶𝗰𝗸𝗶𝗻𝗴 𝗨𝗽 The real estate market in the southern provinces is expected to see a revival this year due to certain measures by the government, ministries, and localities promoting market activity. New policies, low interest rates, and projects meeting housing needs have led to this revival. As an example of this pickup in market activity, apartments now have diverse pricing, with affordable units ranging from 35-50 million VND (1,400-2,000 USD) per square metre. Market confidence is improving as demand has increased, with customers frequenting model houses. The diversification of projects such as new urban areas, resorts, and social housing is leading to more growth in the market. Experts also emphasize the importance of banks keeping interest rates low to "create a capital base for real estate business." All these measures will allow the real estate market to thrive for customers and investors alike. Check out the article for more information on #HoChiMinhrealestate https://lnkd.in/gYrD94dF ##HoChiMinhCity #RealEstateInvestment #PropertyMarket #ResidentialRealEstate #UrbanDevelopment #realestate #realestateinvesting #realestateconsultant #realestateinvestment #housing

One Western Suburb of Adelaide has seen a staggering 53% surge in housing values in the past year, a growth trend that raises concerns about sustainability. Meanwhile, a notable urban project I led in North Haven, featuring a 3.5km suburban beachfront, stands out for its exceptional capital growth performance over the last two decades. Acquiring the unloved land through a South Australian Government worldwide tender, we transformed it into a thriving urban development valued at over $3.5 billion. The root cause of the soaring housing values lies in the severe shortage of over 50,000 affordable dwellings, a challenge that has persisted for a decade. Regrettably, the State Government of South Australia lacks a comprehensive, advanced modular construction platforms strategy to address this chronic housing shortage across Metropolitan Adelaide. Instead, relying on conventional, custom, inefficient custom construction methods with vast shortages of tradies will never solve the chronic shortage of affordable housing, let alone the staggering waste of valuable building materials going into landfills, which is not sustainable. Notably, most train stations and tram stops in Metropolitan Adelaide are surrounded by single-detached dwellings, contributing to the housing crunch. The competition for Metropolitan dwellings intensifies with a notable presence of interstate buyers at auctions, mainly from New South Wales and Victoria. The influx of Millennials, priced out of the Sydney and Melbourne markets, adds to the demand for affordable housing options in Metropolitan Adelaide. Such dynamics underscore the pressing need for sustainable solutions to ensure housing affordability for all residents. #Adelaide #housingcrisis #advancedmodular #sustainability #CLT #ThriveAlliance #Harropfactor

Where can you find affordable homes in Australia? Real estate group PRD’s latest Affordable and Liveable Property Guide has revealed where house and unit buyers can stretch their budgets the furthest in Sydney, Melbourne, Brisbane, and Hobart. An ‘affordable’ suburb was defined as a suburb that has a lower median house/unit price compared to the relevant metro area. Brisbane was the top city for affordable units, with 60.3% of its suburbs meeting this classification. Melbourne came in second, with 47.3% of its unit suburbs deemed affordable with a median price of $610,000 – lower than Brisbane’s $730,000. Hobart followed closely with 45.9%, while Sydney trailed at 41.4% with a median unit price of $850,000. When it comes to houses, Hobart was the clear winner, with 40.4% of its suburbs affordable, compared to Sydney’s low of 12.1%. PRD chief economist Diaswati Mardiasmo said the shift towards purchasing units was “inevitable” given that nearly half of unit markets (48.7%) remain affordable across these four capital cities, compared to just 29.2% for houses. #property #realestate #homeloans

Finally a bit of good news for property developers in the residential market. At least we can see that people are increasing their viewing of apartments. This is why I say that market research is so important for a property developer to do. Seeing things that are "indicators" of market trends, both up and down, are essential. #propertydevelopment #affordability

"I would never buy an apartment as an investment." I used to hear that a lot - and to be honest, still do. But it's closed-minded. To be clear, this isn't going to be a post suggesting you should buy an apartment in Sydney. My guiding principle is finding the best investment opportunities for people I work with (which frequently happens to be interstate). This is about understanding what drives markets, and seeing the bigger picture when it comes to property investing. Anyway...I read a great article by Nila Sweeney on apartment demand in Sydney. So, what do people miss in their apartment misconceptions? An apartment market only booms when there is an imbalance of supply and demand. So where does demand come from? For one, the affordability crunch in the housing market. That’s why apartments in Sydney’s Eastern suburbs have seen steady, strong price growth. With most people priced out of houses, demand shifted to apartments. Why? Because that's simply what the vast majority of people can afford. But demand is only one side of the equation. Supply is equally as important. Take Bondi Junction, for example - it hasn’t performed as well as Bondi Beach. The same goes for Sydney CBD vs Paddington. These “hubs” are zoned by councils to allow huge, multi-storey apartments complexes - increasing supply and risk of future oversupply. Suburban and beach-side locales are kept less dense to maintain a neighbourhood feel. So before dismissing *any* asset type, apartments or otherwise, remember: When strong demand meets limited supply - voila - you get a high-performing asset.