New technologies are transforming the property industry. While many have recognised this trend, they haven’t yet developed a business strategy based on this transformation.
Economic growth and interest rates affect housing prices, but political decisions around zoning, migration, and taxes are also strong influences. Overall, the current climate suggests a much slower growth in house prices.
Non-residential real estate performed strongly in 2017, but much of this return came from cap rate (yield) compression. Going forward, investors will need to focus more on income growth and sector allocation.
When it comes to company floats or IPOs, sellers know much more about the business than buyers, so before getting caught up in the euphoria of a new listing, consider what it is they know that you don’t.
The property market is far from homogeneous, and investors should consider different impacts on residential, office and retail sectors. Is Myer a bellwether for retail changes?
Want a city car space for $35,000? Property investors face a never-ending stream of costs, and while some are well-known, state government charges often fly under the radar until the bill comes in.
Institutional investors have little interest in investing in residential property due to the low yields and favourable taxation concessions offered to owner occupiers and retail investors.
A quick name-by-name summary from the latest round of A-REIT (listed property) results with most trusts doing well as management teams deliver on their strategies.
Centrelink’s ‘granny flat’ exceptions are designed to encourage people to stay out of supported care, but it’s important for welfare recipients to make the correct arrangements.
Should SMSFs invest in residential property, should they borrow to do it and what is the impact on housing affordability and market stability?
There is more to listed property than the top eight in the A-REIT Index with many strong performing smaller trusts outside the top 80% of the index, and other A-REITs not even included in the index.
The Budget incentives designed to increase housing affordability, especially for first home buyers, are minor steps in isolation, but they may encourage superannuation engagement and downsizing.
The Grenfell Tower disaster highlighted dangers posed by faulty building materials. It’s usually property owners that bear the majority of the costs for correcting ill-considered policy or builders’ mistakes.
If retailers and shopping centres are to survive the online onslaught, they need to return to Victor Gruen’s original vision of malls as community centres, rather than focussing only on sales and consumerism.
Australia’s net inflow of immigrant millionaires is large and growing. With a lack of premium housing stock, major cities are struggling to meet demand, but this does not necessarily feed into the broader economy.
Structural differences tied into the same asset class can provide divergent performance and investors need to be clear about their objectives when choosing the vehicle through which they take exposure.