Mark Polatkesen’s Post

Melbourne's housing market is at a critical juncture. The supply of houses coming onto the market is low. While Melbourne has witnessed the highest population growth of any capital city in last year. What does this mean? It means there are fewer options for buyers, which could drive prices up. On the demand side, things are picking up. Rental yields have started to spike. Sales volumes have started to surge. So, what's the verdict? It's likely that prices will go up as the support level has been building up. Market hasn’t dropped for last 2 months. Intriguing, isn't it? The interplay between supply, demand, and other economic factors is what makes the housing market so fascinating. #Melbourne #HousingMarket #SupplyAndDemand

Significant savings in Sydney suburbs with similar proximity to the CBD as their pricier counterparts! According to REA Group, Arncliffe, just 10 kilometers south of the CBD, offers a median house price of $1.7 million compared to Fairlight’s $3.7 million at the same distance. The largest gap is between Collaroy and Riverwood, both 17 kilometers from the CBD, with median prices of $3.6 million and $1.4 million, respectively—a 155% difference. Similarly, Killara, 12 kilometers from the CBD, has a median price of $3.98 million, while Rockdale, at the same distance, is far more affordable at $1.65 million. North Curl Curl’s $3.8 million median at 14 kilometers also far exceeds Roselands’ $1.5 million. This trend extends to cities like Melbourne, Brisbane, and Perth, where sister suburbs show significant price gaps. Could these alternatives make the housing market more accessible for buyers?

Melbourne's housing landscape is evolving as nearly 100,000 homes sat vacant or underused in 2023, impacting the rental market. According to Prosper Australia, vacancy rates surged during the pandemic, peaking at over 105,000 homes left empty. Today, areas like Melbourne CBD and surrounding suburbs see significant underutilization, with implications for housing affordability. As investors rethink strategies amidst rising costs and regulatory changes, the city faces a pivotal moment in its housing market dynamics. 🏙️🏠 Source: https://lnkd.in/gsR8fDX6 Book Your Free Consultation Now: https://tncgroup.au #MelbourneRealEstate #HousingMarket #RentalMarket #PropertyInvestment #RealEstateInvesting #VacantHomes #UnderusedHomes #HousingCrisis #UrbanDevelopment #AffordableHousing #PropertyManagement #InvestmentTrends #RealEstateNews #RentalAffordability #HousingPolicy #HomeOwnership #PropertyMarket #HousingSupply #RealEstateAustralia #ResidentialPropert

Melbourne's housing landscape is evolving as nearly 100,000 homes sat vacant or underused in 2023, impacting the rental market. According to Prosper Australia, vacancy rates surged during the pandemic, peaking at over 105,000 homes left empty. Today, areas like Melbourne CBD and surrounding suburbs see significant underutilization, with implications for housing affordability. As investors rethink strategies amidst rising costs and regulatory changes, the city faces a pivotal moment in its housing market dynamics. 🏙️🏠 Source: https://lnkd.in/g_2WkFEu Book Your Free Consultation Now: https://tncgroup.au #MelbourneRealEstate #HousingMarket #RentalMarket #PropertyInvestment #RealEstateInvesting #VacantHomes #UnderusedHomes #HousingCrisis #UrbanDevelopment #AffordableHousing #PropertyManagement #InvestmentTrends #RealEstateNews #RentalAffordability #HousingPolicy #HomeOwnership #PropertyMarket #HousingSupply #RealEstateAustralia #ResidentialPropert

🏠 Melbourne's Housing Market Update House rents surged by 1.8% in the June quarter, leading capital cities with a record high of $580 per week. Although this is the largest increase, the pace of growth has slowed significantly compared to previous quarters. This has pushed gross rental yields to their highest in nearly eight years. Unit rents in Melbourne remained stable at a record $550 per week, halving the annual growth rate compared to last year. Melbourne’s vacancy rate hit a six-month high of 1.2% in June 2024. This seasonal rise suggests rental conditions are easing, potentially alleviating rental pressures and slowing price growth. #MelbourneHousing #RealEstate #RentalMarket

Spot on. The housing crisis today is caused by a very treatable health epidemic - Megalophobia. The fear of apartments as if it's Godzilla should not be prioritised over housing solutions for young workers. YIMBYs think the Victorian premier is a hero, but she is just rational and probably sick of the Carousel debates. She persues optimal housing policy, Councils should follow suit and increase density where people want to live. In Wollongong, our house prices are 21% above Melbourne despite having 19% lower median household income. Our land is limited for more houses, but we could free up thousands of them by permitting beachside apartments for downsizers. Thats where feasibility is out the wazoo, and we are blessed with beachside rail. Housing affordability is an easy choice we aren't making. Every business except Netflix and Bunnings suffers here from our lack of spending. Our towns are dilapidated - several Plaza owners are frusturated they cant get anything through the planning system through 8 years of attempts, because apartments would be on top. And tonight the Council meet to add dozens more DCP requirements, its just crazy. The once thriving pub in Corrimal is empty on a Friday. But aging locals cling on to Midnight Oil's development dystopia they saw in a music video 40 years ago. Business groups here should be fighting tooth and nail to adopt these reforms, instead they prefer to focus on and attack a 1 sentence suggestion from the NSW Productivity Commission to reduce solar access requirements. Maybe I should move to Victoria like the rest of my generation.

Great news for Sydney's housing market! I'm back in Sydney today, scaling up our plans with an advanced modular CLT inclusive residential grade mid-rise apartments model, a "fast-to-market solution." Our scalability. Our "Thrive Alliance" Cross-Laminated Timber (CLT) in Australia and Internationally is made from renewable plantation forest trees. CLT=stored carbon capacity is up to 40,000 “residential grade” midrise apartments per year, targeting the “Baby Boomers” and "Essential Workers " including social housing on a scale (including disability workers) across Australia, including Regional Australia, built in up to 75% less time than current custom construction methods, in excellent designs, detailing and finishes with almost zero waste of valuable building materials. As a proven "Placemaker" with major-scale residential urban projects, I have a rare sense of "social responsibility." I have set aside 30% to 50% of all my inclusive major residential urban projects for affordable dwellings with no mandatory requirements just through my initiative and sense of social responsibility over the last 50 years. My major sites won at State and Local Government tenders, including a worldwide tender for 3.5km of suburban beachfront unloved land in South Australia abandoned by one of Australia's leading institutional groups. We won that international State Government of South Australia tender and transformed this massive site with a negative value into today's value of around $3.5bn, with the State's highest capital growth for investment properties over the last twenty years. Buyers have achieved above-average capital growth over the decades in my previous major urban projects. We got right the blending of "new with historical overlays", a much-needed skill set in the ALP Premier Minns proposed rezoning of 30 significant Metropolitan Railway stations to residential-grade mid-rise apartments within walking distance of railway stations, our target market in all these nominated Premier Minns proposed rezoning areas. Over the decades in Sydney, I haven't seen any major residential urban project that's got this right other than "creating bots" on the landscape and alienating the very community that's a built-in buying base. Residents in those communities predominantly bought all my past inclusive medium-density and mid-rise apartments with these projects. There is no point in navel-gazing on where Sydneysiders should have bought a dwelling; very soon, we will announce our first "showcasing" inclusive quality residential grade mid-rise apartments in Metropolitan Sydney, as in the past, with expectations of a "complete sell-out" with our inclusive scalable, sustainable CLT offer from renewable plantation forest trees into Cross-Laminated Timber = Stored carbon. Thriveconstruct.com.au #Sydney #advancedmodular #residentialgradeapartments #inclusive #housingcrisis #fasttomarketmarket #sustainable

Predictions for the New South Wales house market in 2025 This pie chart produced by our patented Housing Market Prediction Solution reveals the price change potential for houses in the State’s 1,250 suburbs during 2025. Around half of all New South Wales’ suburbs have no price change potential over the next year, while 200 are predicted to suffer heavy price falls and another 245 could incur moderate price falls over the next twelve months. Only 124 suburbs are forecast to deliver moderate growth over the next year and there are just forty suburbs predicted to experience strong price growth. Of the suburbs and towns with strong price growth potential, ten are located on the Central Coast and the Hunter Region, three are in Wollongong, five are located on the North Coast and all the rest are in Sydney, mostly in the outer Western Suburbs and the Sydney Outer Rim. 

Demand for attached dwellings is booming across Australia, with many of the nation’s capital cities and key regional centres seeing a surge in unit sales. Two recent reports from Hotspotting—“The New Paradigm in Real Estate: The Rise and Rise of Apartments,” produced in collaboration with Nuestar, and the Spring edition of “The Price Predictor Index”—highlight the growing market share of units. In Greater Sydney, for instance, units now make up 54% of residential sales, up from 48% just three years ago. Perth is also experiencing a shift, as rising house prices push more buyers towards well-located units. Demand is also growing in Melbourne, Brisbane, Canberra, and regional hotspots like the Sunshine Coast and Gold Coast. This trend is driven by lifestyle preferences and the relative affordability of units compared to houses in the same area. As “The New Paradigm” report shows, the old belief that houses outperform units in capital growth is no longer valid. Today, units are holding their own in price growth, while offering lower entry prices and better rental yields.

Good insight and comments by Alex. In conjunction with the density changes, there needs to be a commitment with real definitive and swift administrative actions to make the overall development process much faster, easier and less costly. Not everyone will be happy about it but there needs to be less "public" and "political" involvement if the process is going to be much faster, i.e. half the time or less to process DPs and BPs compared to pre-COVID process times. The soft costs at the front end of a project that take cash or high cost debt and are becoming a higher and higher proportion of project costs. The development fees and levies are far too heavy a burden on all development.