marketview Australian housing markets report Sydney s beaches booming too Dr Andrew Wilson Domain Group senior economist March 2015

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "marketview Australian housing markets report Sydney s beaches booming too Dr Andrew Wilson Domain Group senior economist March 2015"

Transcription

1 Australian housing markets report Sydney s beaches booming too Dr Andrew Wilson Domain Group senior economist March 2015 Copyright 2015 Dr Andrew Wilson all rights reserved

2 Housing market model Wilson Curve

3 Housing market analysis house price cycle model (Wilson 98) Change points... Define phases peak peak expansion Prices above last peak trough correction Prices below last peak trough recovery Prices above last trough contraction Prices below last trough

4 Recent capital city performance

5 Capital city house price cycle - recent history Correction 2011 Prices fall Affordability falls from higher rates, higher prices PLUS economy down Recovery 2012 Prices rise Affordability improves as rates fall, lower prices AND economy revives Expansion 2013 Price records emerge and consolidate as affordability peaks Historically low rates, still solid economy, CONFIDENCE RESTORED Expansion 2014 Price growth moderates as general economy and low rate impact wane Sydney breaks clear of the pack - other capitals flat or flattening CONFIDENCE TESTED

6 Current state of the national market

7 Current state of the national housing market Expansion consolidated but now moderating All capital city house prices at or near record levels Brisbane, Adelaide and Hobart still on the move with moderate growth Perth prices growth remains modest, but better signs for Canberra - Darwin down Solid finish to all markets on the up except Darwin Peak price growth rates however moderated though 2014 Sydney still booming CONTEXT Mixed-speed economies AND housing markets Markets and market segments patchy Forward indicators and market drivers increasingly mixed and local Lower rates to impact markets affordability, confidence offset by local economy drag

8 Key price drivers

9 The future for house price growth?...as usual depends on the economy Key Drivers Low unemployment and more jobs Rising wages, incomes and profits Lower interest rates Rising stockmarket Confidence

10 Recent prices growth

11 Correction phase prices fall -1.4% -1.7% -4.2% -3.5% -4.0% -4.4% -5.0% -8.0% Sydney Melbourne Brisbane Adelaide Perth Canberra Hobart Darwin

12 Recovery phase prices stabilise and rise 12.6% 4.6% 5.5% 0.8% 0.7% 1.8% -0.4% -4.5% Sydney Melbourne Brisbane Adelaide Perth Canberra Hobart Darwin

13 Expansion phase all markets rising 15.4% 10.0% 9.6% 5.1% 5.0% 5.6% 3.4% 2.2% Sydney Melbourne Brisbane Adelaide Perth Canberra Hobart Darwin

14 Expansion phase growth moderates 14.0% 4.1% 5.9% 4.6% 0.6% 0.9% 2.1% -6.8% Sydney Melbourne Brisbane Adelaide Perth Canberra Hobart Darwin

15 Prices rise over December quarter except Darwin 3.5% 0.6% 1.5% 0.9% 1.0% 1.9% 2.1% -5.9% Sydney Melbourne Brisbane Adelaide Perth Canberra Hobart Darwin

16 Most markets now above or close to previous peaks 34.8% 8.4% 7.9% 3.6% 3.0% 3.2% -2.1% -0.7% Sydney Melbourne Brisbane Adelaide Perth Canberra Hobart Darwin

17 Markets now well above previous price troughs 37.5% 16.6% 16.4% 13.1% 9.5% 8.8% 10.9% 4.9% Sydney Melbourne Brisbane Adelaide Perth Canberra Hobart Darwin

18 Current capital city price cycle

19 Capital city house price cycle (Wilson Curve) Sydney Melbourne Perth Darwin Brisbane Hobart expansion correction recovery Adelaide Canberra contraction

20 Current capital city growth

21 R I S I N G F A L L I N G Boom Strong Solid Moderate Modest Flat Modest Moderate Solid Strong Bust Housing Market Barometer 4% 4% 3% 2% 1% 0.5% 0% 0.5% 1% 2% 3% 4% 2% 5% Sydney 3.5% Hobart 2.1% Canberra 1.9% Brisbane 1.5% Perth 1.0% Melbourne 0.6% Darwin -5.9% December quarter 2014

22 Sydney the most expensive $872,811 $614,479 $615,280 $588,023 $634,316 $489,128 $469,097 $332,998 Sydney Melbourne Brisbane Adelaide Perth Canberra Hobart Darwin

23 Sydney price cycle

24 Sydney annual house prices still booming 22.2% 15.4% 14.0%

25 Sydney quarterly price growth consistent high trend 3.7% 3.5% 3.3% 2.9%

26 Sydney house price cycle (Wilson Curve) current $872,811 December 2014 peak $647,560 June 2011 expansion correction recovery trough $634,598 December 2011 contraction

27 Sydney unit market

28 Sydney houses versus units in sync but units flatter $950,000 $850,000 $872,811 $750,000 $650,000 $597,668 $550,000 $450,000 $350,000 $250,000 $150, Houses Units

29 Sydney houses versus units December qtr Houses Units Median $872,811 $597,698 Quarter 3.5% 2.9% Year 14.0% 10.4% 5 year 50.1% 39.2% Peak 34.8% 26.5% Trough 37.5% 26.5%

30 Sydney house price cycle (Wilson Curve) Units Houses expansion correction recovery contraction

31 Interest rates and housing markets

32 $85 0,000 $75 0,000 $65 0,000 $55 0,000 $45 0,000 $35 0,000 $25 0,000 8% 7% 6% 5% 4% 3% 2% 1% 0% Interest rates drive the cycle for ALL capitals in sync Rates rise (mining boom 1) Rates fall 08 (GFC) Rates rise (FHOGB mining boom 2) Rates fall (economy fades) Sydney Melbourne Brisbane Adelaide Perth Interest rate

33 Sydney house prices and interest rates underlying relationship 8% 7% 7.25% $900,000 6% $800,000 5% 4.75% $700,000 4% 3% 3.00% $600,000 2% 1% 2.50% $500,000 0% $400,000 Interest Rate Sydney Median

34 Sydney buyer types

35 NSW buyer types market share record high investors (ABS January loans) 59.9% 33.6% 6.5% First home buyers Investors Changeover buyers

36 NSW buyer type annual growth investors best (ABS loans year to Jan 2015 vs ) 34.0% 20.1% 2.9% -2.6% First home buyers Investors Changeover buyers Total

37 National investor market share NSW nearly half (ABS January loans) 45.0% 26.1% 13.9% 8.4% 3.7% NSW VIC QLD SA WA

38 Billions $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 $ Changeover buyers Investors First home buyers

39 FHB local market share - NSW record low (ABS January loans) 18.3% 15.0% 13.3% 11.2% 10.5% 10.5% 11.2% 10.1% 6.5% NSW VIC QLD SA WA TAS ACT NT AUS

40 Billions Sydney prices track NSW loans reliable forward indicator $900,000 $30 $800,000 $25 $20 $700,000 $15 $600,000 $10 $500,000 $5 $400, $0 Sydney median house price NSW housing loans

41 Stable investor share through cycle reflects longer-term investment focus 70.0% $900, % $800, % $700, % $600, % $500, % 45.0% $400, % 37.4% 35.9% $300, % $200, % $100,000 Investor loan share Average investor loan share Sydney median house price

42 Sydney price ranges

43 Price ranges prestige still lagging 36.5% 33.8% 22.2% 15.0% 14.6% 8.2% 4.2% 3.4% -0.3% Budget (up to $815k) Middle ($815k to $2m) Prestige ($2m+) December Qtr Year Peak

44 Sydney house price range cycle (Wilson Curve) Middle Budget Prestige expansion correction recovery contraction

45 Sydney regions

46 Sydney s three tribes merging? $1,900,000 $1,700,000 $1,500,000 Prestige $1,300,000 $1,100,000 $900,000 $700,000 Middle $500,000 $300, Lower North City and East Northern Beaches Inner West Upper North Shore South Canterbury Bankstown West South West Budget

47 Sydney s three tribes merging? Houses Median Dec qtr year Last peak Lower North $1,800, % 12.5% 34.3% 26.3% City and East $1,650, % 7.8% 32.0% 21.8% Northern Beaches $1,315, % 10.0% 34.2% 23.5% Inner West $1,270, % 17.6% 58.8% 42.7% Upper North Shore $1,180, % 21.3% 57.3% 47.5% South $964, % 13.4% 46.5% 33.9% Canterbury Bankstown $770, % 15.8% 58.8% 42.6% West $592, % 15.0% 52.2% 41.0% South West $570, % 18.5% 50.0% 39.8%

48 Sydney house price range cycle (Wilson Curve) Inner west West Canterbury Bankstown South west Upper north City and east expansion Northern beaches Lower north correction recovery contraction

49 Northern beaches and lower north suburbs

50 Northern beaches top selling suburbs (6 months December 2014) Houses Sold Median Listings per sale 6 month 1 year 5 year Seaforth 69 $1,605, % 7.5% 27.5% Mona Vale 65 $1,150, % -0.9% 35.1% Avalon 60 $1,282, % 6.9% 25.7% Warriewood 60 $1,075, % 15.6% 36.1% Manly 52 $2,010, % 8.6% 30.9% Balgowlah 52 $1,503, % 25.8% 33.5% Cromer 52 $1,073, % 12.7% 41.2% Beacon Hill 51 $1,110, % 18.1% 37.7% Allambie Heights 49 $1,185, % 19.1% 38.8% Dee Why 46 $1,088, % 17.5% 40.4%

51 Northern beaches top selling suburbs (6 months December 2014) Units Sold Median Listings per sale 6 month 1 year 5 year Dee Why 283 $595, % 6.3% 32.2% Manly 202 $900, % 2.9% 41.7% Warriewood 98 $697, % 13.9% 9.1% Narrabeen 79 $646, % 11.6% 29.2% Collaroy 73 $665, % 7.4% 20.9% Manly Vale 66 $653, % 24.5% 42.7% Freshwater 62 $632, % 14.0% 38.1% Queenscliff 59 $775, % 7.6% 33.6% Balgowlah 54 $763, % 18.0% 24.5% Brookvale 54 $603, % 14.1% 22.0%

52 Lower north top selling suburbs (6 months December 2014) Houses Sold Median Listings per sale 6 month 1 year 5 year Mosman 197 $2,675, % 16.3% 29.4% Hunters Hill 68 $1,982, % 27.7% 32.2% Willoughby 62 $1,669, % 22.3% 33.5% Gladesville 55 $1,350, % 5.5% 49.7% Lane Cove 54 $1,497, % 15.1% 39.3% Cremorne 52 $1,527, % 11.9% 5.5% Naremburn 46 $1,622, % 21.5% 64.7% Northbridge 45 $2,230, % 0.2% 17.4% Lane Cove North 37 $1,315, % 5.2% 48.6% Greenwich 36 $1,930, % 9.7% 18.4%

53 Lower north top selling suburbs (6 months December 2014) Units Sold Median Listings per sale 6 month 1 year 5 year Mosman 264 $765, % 1.0% 35.4% Neutral Bay 123 $750, % 2.7% 42.2% Lane Cove North 121 $605, % 3.4% 37.5% Cremorne 117 $762, % -4.2% 27.0% North Sydney 113 $720, % 12.5% 64.6% St Leonards 95 $789, % 7.3% 43.5% Wollstonecraft 90 $782, % 7.9% 29.8% Lane Cove 90 $657, % -5.0% 46.1% Gladesville 67 $575, % -1.0% 45.0% Artarmon 65 $710, % 10.1% 35.2%

54 Sydney rental market

55 Sydney house rents versus house prices $900,000 $600 $800,000 $500 $700,000 $400 $600,000 $300 $500, $200 House price House rent

56 Sydney unit rents versus unit prices $650,000 $550 $600,000 $500 $550,000 $450 $500,000 $400 $450,000 $350 $400,000 $300 $350,000 $250 $300, $200 Unit price Unit rent

57 Sydney house rents versus unit rents $550 $500 $450 $400 $350 $300 $250 $ Unit rent House rent

58 Sydney house yields versus unit yields 6.0% 5.5% 5.0% 4.5% 4.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% House yield Unit yield

59 Capital city rental markets (December qtr 2014) Houses Rent Qtr change Annual change Yield Vacancy rate (January) Sydney $ % 4.0% 4.00% 1.8% Melbourne $ % 0.0% 4.08% 2.0% Brisbane $ % 0.0% 5.02% 2.1% Adelaide $ % 0.0% 4.81% 1.3% Perth $ % -6.3% 4.57% 2.4% Canberra $ % -2.2% 4.55% 1.3% Darwin $ % -5.7% 5.21% 1.3% Hobart $ % 3.2% 5.44% 1.0%

60 Capital city rental markets (December qtr 2014) Units Rent Qtr change Annual change Yield Vacancy rate (January) Sydney $ % 2.0% 4.48% 2.2% Melbourne $ % 2.9% 4.60% 3.4% Brisbane $ % -1.3% 5.14% 3.0% Adelaide $ % 1.8% 5.27% 2.0% Perth $ % -2.5% 4.92% 2.9% Canberra $ % -4.9% 5.28% 1.7% Darwin $ % -3.5% 5.68% 3.6% Hobart $ % 3.8% 5.65% 4.5%

61 Northern beaches top rental suburbs ( 6 months December 2014) Houses Vacancies Rent 6 month change Annual change Yield Avalon 92 $ % -14.7% 3.2% Seaforth 71 $1, % 2.6% 3.8% Mona Vale 64 $ % 1.5% 3.8% Balgowlah 60 $ % -4.0% 3.4% Newport 57 $ % 2.4% 3.4% Manly 56 $1, % 12.5% 3.3% Warriewood 51 $ % 10.0% 4.3% Freshwater 49 $1, % -9.5% 3.6% Narraweena 48 $ % 7.1% 3.5% Dee Why 46 $ % 11.6% 3.9%

62 Northern beaches top rental suburbs ( 6 months December 2014) Units Vacancies Rent 6 month change Annual change Yield Manly 679 $ % 1.5% 3.8% Dee Why 659 $ % 2.0% 4.4% Narrabeen 216 $ % 10.0% 4.4% Freshwater 182 $ % 4.0% 4.3% Queenscliff 151 $ % 5.7% 4.0% Collaroy 148 $ % 6.9% 4.2% Balgowlah 137 $ % 6.5% 3.9% Fairlight 132 $ % 0.0% 4.0% Manly Vale 120 $ % 8.0% 4.0% Mona Vale 118 $ % 0.0% 3.3%

63 Lower north top rental suburbs ( 6 months December 2014) Houses Vacancies Rent 6 month change Annual change Yield Mosman 187 $1, % 0.0% 3.1% Gladesville 72 $ % -1.1% 2.7% Cremorne 69 $1, % 11.1% 3.4% Neutral Bay 69 $ % 3.3% 3.3% Cammeray 67 $ % 2.3% 2.9% Lane Cove 62 $ % 6.7% 2.8% Lane Cove North 57 $ % 18.0% 3.2% Crows Nest 55 $ % -6.0% 3.4% Willoughby 52 $ % 8.1% 2.9% Artarmon 47 $ % 10.9% 2.2%

64 Lower north top rental suburbs ( 6 months December 2014) Units Vacancies Rent 6 month change Annual change Yield Mosman 735 $ % 1.9% 3.7% Neutral Bay 513 $ % 4.8% 3.8% North Sydney 439 $ % 3.6% 4.1% Cremorne 413 $ % 2.7% 3.9% St Leonards 413 $ % 2.7% 3.8% Wollstonecraft 312 $ % 4.5% 3.8% Artarmon 302 $ % 2.9% 3.9% Lane Cove North 279 $ % 3.2% 4.1% Kirribilli 232 $ % -4.8% 4.3% Lane Cove 207 $ % 2.0% 4.0%

65 Sydney key market drivers

66 Sydney ABS dwelling approvals 35,660 38,252 27,458 24,683 24,878 18,232 9,226 10,977 13, Houses Units Total

67 Sydney ABS dwelling approvals - undersupply drives market 45,000 40,000 38,252 35,000 30,000 25,000 20,000 15,000 10,000 5,

68 Sydney ABS January dwelling approvals - more units 3,596 3,105 2,773 2, Houses Units Total Jan-14 Jan-15

69 New South Wales overseas migration drives local housing markets (ABS financial year) 66,972 73,300 58,

70 Sydney population growth drives prices (ABS financial year) 2.5% $800, % 1.7% $700, % $600, % 0.5% $500, % $400,000 Population growth House prices

71 Prestige markets versus All Ords 7000 $1,950, $1,450, $950, $450, $50, Sydney Melbourne Brisbane All Ords 0

72 Sydney prestige versus All Ords $2,100, $1,900, $1,700, $1,500, $1,300, $1,100,000 $900, $700, $500, Sydney Prestige All Ords

73 Sydney prestige regions versus All Ords $2,000, $1,800, $1,600,000 $1,400, $1,200, $1,000,000 $800, $600, $400,000 $200, $ Lower North City and East Northern Beaches All Ords

74 Sydney economic performance

75 Sydney jobs rising 41,613 new jobs over year (ABS February) 2,500,000 2,459,824 2,450,000 2,400,000 2,393,462 2,418,212 2,350,000 2,332,763 2,351,617 2,300,000 2,282,176 2,250,000 2,200,000 2,150,000 2,100,

76 Sydney jobless still low (ABS February) 6.5% 6.0% 5.5% 5.4% 5.1% 5.5% 5.5% 5.8% 5.8% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0%

77 Sydney in work stabilising - absorbing strong migration? (ABS February) 67.0% 66.5% 66.0% 65.7% 66.1% 66.0% 66.2% 65.8% 65.8% 65.5% 65.0% 64.5% 64.0% 63.5% 63.0%

78 National economic performance

79 National turnaround? Sydney still the best February ABS jobless rate Trend Sydney 5.8% 5.8% Melbourne 7.3% 6.6% Brisbane 6.7% 6.5% Adelaide 7.5% 7.1% Perth 6.3% 6.4% Hobart 8.0% 6.8% Canberra 3.6% 5.4% Darwin 3.3% 3.1%

80 NSW retail spending top performer (ABS growth year to January 2015) 5.7% 4.2% 4.0% 2.9% 3.1% 2.4% 2.4% 2.5% -2.0% NSW VIC QLD SA WA TAS NT ACT AUS

81 NSW economy on the rise state final demand (ABS rolling annual quarters Dec 2014) 6% 5% 4% 4.0% 3% 2% 1% 0%

82 NSW economy best performer state final demand (ABS Dec qtr 2014 vs Dec qtr 2013) 6.2% 4.0% 2.7% 1.9% 1.6% 1.5% -1.7% -3.5% NSW VIC QLD SA WA TAS NT ACT

83 Economic outlook

84 Economic outlook 2015 Mixed national economic outlook Pessimism outweighing optimism - future cloudy- but a glimmer of hope? Reserve Bank increasingly bearish on near-term direction of economy International economy wavering? Growth in China remains relatively strong but signs of fading international economy US economy continues to slowly revive but real growth (wages) still too low AUD to fall as USD rises Mixed results for local economies NSW solid growth trend top performer as mixed economy spreads the load VIC in transition as manufacturing base wanes but building and services holding up QLD up as dollar falls - strong exporter, tourism, population growth confidence up slowly SA showing early signs of revival but will be a gradual and lengthy process WA still OK with population surge but mining building boom over and lower iron ore prices TAS showing early signs of revival but remains national underperformer NT boom resources economy creaking under population surge but set to resume growth

85 Economic drivers - rates, dollar, wages, profits all low and falling - but shares up Interest rates remaining at 60 year low Downward bias until jobless falls below 6% - less stimulus capacity from record low rates deflation risk Mortgage costs falling as banks compete for market share but still at 2009 rates Rate cuts likely to continue through economy needs more stimulus watch the currency Stockmarket rising with lower dollar but hostage to global forces Investors shift to shares and increased international investment with lower dollar Solid growth upside as still 10% below 2007 peak, unlike other exchanges at or near highs Lower dollar and looming deflation Imports more expensive, living standards fall, spending and investment decline Wages and profits subdued in low inflation economy places lid on house price growth despite rate cuts Government spending constrained by high deficit - horror budget(s) Retail sales, building, profits, sentiment and exports mixed, but not good enough

86 Sydney housing market outlook

87 Sydney housing market outlook clearly still the best capital Market to remain robust and consistent as key drivers continue to hold up Changeover buying resilient as rising prices offset by lower rates, high confidence and enthusiasm Investors to remain active - yields low but stable as fundamentals hold - better than deposit rates Prestige rising with shares and FHB s to trickle back into market from low base Historically low interest rates to keep falling with banks competing for market share Top performing local economy as wealth effect and population rises Jobless levels remain relatively low as house price growth fuels wealth effect downstream Increased dwelling construction to continue more unit approvals - creating jobs Rising population through overseas migration and local jobseekers Pressure remains on rental market with vacancy rates tight Chronic house and land shortages to continue to drive underlying prices growth Sydney prices growth to moderate from last year but still up by a solid 7-10% The northern beaches and lower north still strong with prices up by 7%

88 National housing market outlook

89 R I S I N G F A L L I N G Boom Strong Robust Solid Moderate Flat Moderate Solid Robust Strong Bust Housing Market Barometer 12% 4% 8% 6% 4% 2% 0% 1% 2% 3% 4% 5% 0% 2% Sydney 8% Brisbane 6% 2015 forecasts Melbourne, Adelaide, Hobart 4% Perth, Darwin, Canberra 2% 5%

90 Sydney local housing market outlook

91 R I S I N G Boom Strong Robust Solid Housing Market Barometer 12% 4% 8% 6% 4% Budget, Middle 10% Prestige 5% 2015 forecasts Moderate 2% F A L L I N G Flat Moderate Solid Robust Strong Bust 0% 1% 2% 3% 4% 5% 0% 2% 5%

92 R I S I N G Boom Strong Robust Solid Housing Market Barometer 12% 8% 6% 4% 4% 2015 forecasts inner west, upper north 10% south west, west, Canterbury Bankstown, south 8% northern beaches, lower north, city and east 7% Moderate 2% F A L L I N G Flat Moderate Solid Robust Strong Bust 0% 1% 2% 3% 4% 5% 0% 2% 5%

93 Sydney auctions reliable and timely market indicator

94 Sydney clearance rate reflects prices growth reliable weekly indicator 80% $900,000 70% 60% $800,000 50% $700,000 40% 30% $600,000 20% $500,000 10% 0% $400,000 House price ACR

95 Sydney auction volumes also reflects prices growth reliable weekly indicator $1,000,000 $900, $800, $700,000 $600, $500, $400,000 $300, $200, $100,000 Auctions House price 4 per. Mov. Avg. (Auctions)

96 Northern beaches rate also reflects prices growth reliable weekly indicator 80% $1,500,000 70% $1,400,000 60% $1,300,000 50% $1,200,000 $1,100,000 40% $1,000,000 30% $900,000 20% $800,000 10% $700,000 0% $600,000 Median house price Clearance rate

97 Lower north rate also reflects prices growth reliable weekly indicator 90% $1,900,000 80% $1,800,000 70% $1,700,000 60% 50% $1,600,000 $1,500,000 $1,400,000 40% 30% 20% $1,300,000 $1,200,000 $1,100,000 10% $1,000,000 0% $900,000 Median house price Clearance rate

98 February clearance rates at record levels 86.4% 85.8% 85.1% 82.3% 81.7% 80.7% 75.1% 73.0% 71.8% Inner West Upper North Shore Lower North South City and East Northern Beaches West Canterbury Bankstown South West

99 Northern beaches February clearance rates rising 80.7% 76.9%

100 Northern beaches February listings rising

101 Lower north February clearance rates rising 85.1% 83.0%

102 Lower north February listings rising

103 Super Saturday March 28 th clearance rates at record levels 93.8% 90.3% 89.9% 89.7% 89.2% 88.1% 84.1% 79.5% 79.2% 75.4% 66.7% City and East Northern Beaches South Upper North Shore Lower North Inner West Canterbury Bankstown South West North West West Central Coast

104 The rising tide

105 House price history lesson Australian housing markets are historically trend-linked Sydney Melbourne Brisbane Adelaide Perth

106 Rising regional tide Lower North City and East Northern Beaches Inner West Upper North Shore South Canterbury Bankstown West South West

107 A rising tide lifts all boats - in time Economies Employment Incomes Population growth Prosperity Confidence House prices Monolithic Australian economy and housing market

108 Australian residential property s best friend (the Wilson curve) Secure reliable long-term tax-enhanced capital growth

109 Sydney affordability debate

110 Falling repayments enable prices growth (Reserve Bank indicator rate, 30 year variable, ABS) $900,000 $850,000 $617 $872,811 $650 $800,000 $579 $561 $600 $750,000 $530 $550 $700,000 $650,000 $502 $500 $600,000 $450 $550,000 $410 $500, $400 NSW average repayment Sydney median Overall average repayment

111 Incomes rise, repayments fall, affordability improves and prices rise (ABS) $900,000 45% $850,000 $800, % 38.9% 40% $750, % 35% $700, % $650, % 28.1% 30% $600,000 25% $550,000 $500, % NSW loan proportion of Sydney income Sydney median Average NSW loan proportion of Sydney income

112 Incomes, prices, loans which is the effective affordability benchmark? (ABS) % % Income factor at record levels? % % 35.0% % 30.0% % But loan proportion still below average! % 20.0% Weekly Sydney income as a factor of Sydney price Average income as a proportion of price NSW loan proportion of Sydney income Average loan proportion of income

113 Sydney home owners higher interest rate vulnerability just 4.3% (ABS) 4.3% 31.7% 32.6% 31.4% Non-owners Repayments 30% or less than income Outright owners Repayments 30% or more than income

114 Australian property market analysis - Domain Marketview Where do you go to find out what's really happening in your housing market? Buy? Sell? Hold? or Rent? Expert real-time insights into the current state and future prospects of your housing market Coming soon Domain Marketview on the Domain website

115 Australian property market analysis If you require any further information regarding Australian property market analysis I may be contacted by at or phone For all the real-time housing market insights follow me on twitter Listen to me on Radio 2UE Saturdays to 1pm

116 Thank you

Housing Outlook. Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association. 29 October 2007

Housing Outlook. Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association. 29 October 2007 Housing Outlook Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association 29 October 2007 Australian Business Economists October 2007 Presented by Sam White Average Prices 700,000 600,000

More information

State of the States October 2017 State & territory economic performance report. Executive Summary

State of the States October 2017 State & territory economic performance report. Executive Summary State of the States October 2017 State & territory economic performance report. Executive Summary NSW ON TOP; VICTORIA CLOSES IN How are Australia s states and territories performing? Each quarter CommSec

More information

GRANT THORNTON BANKERS BOOT CAMP

GRANT THORNTON BANKERS BOOT CAMP GRANT THORNTON BANKERS BOOT CAMP Where are we in the cycle? Yield compression slowing, rents growing Yields bottoming but the bottom could last till 2020 The end of yield compression brings income return

More information

The Outlook for the Economy & Housing

The Outlook for the Economy & Housing The Outlook for the Economy & Housing Matthew King HIA Economist Bulky Goods Retailers Assoc VIC Forum August 2010 Where are we heading? The Economic Backdrop Additional Factors Retail Trade Housing Outlook

More information

QLD Economic Outlook. Wednesday, 25 February State Report QLD. Summary

QLD Economic Outlook. Wednesday, 25 February State Report QLD. Summary Wednesday, 2 February 21 QLD Economic Outlook Summary Queensland s economy had been one of the outperforming States in recent years, reflecting the boom in resources investment. However, activity decelerated

More information

DOMESTIC TOURISM REPORT: OVERVIEW OF ACCOMMODATION PERFORMANCE

DOMESTIC TOURISM REPORT: OVERVIEW OF ACCOMMODATION PERFORMANCE 31 March 2017 DOMESTIC TOURISM REPORT: OVERVIEW OF ACCOMMODATION PERFORMANCE 1. Key markets and trends 1.1 Overview Domestic Visitors 90,741,716 4.2% Domestic Visitor Nights 334,764,472 4.0% Domestic Trip

More information

Why Invest in Australia?

Why Invest in Australia? Great Barrier Reef Northern Territory Queensland Western Australia South Australia Gold Coast New South Wales Victoria Australian Capital Territory Tasmania Australia is the biggest island in the world;

More information

Land area 1.73 million km 2 Queensland population (as at December 2016) Brisbane population* (preliminary estimate as at 30 June 2016)

Land area 1.73 million km 2 Queensland population (as at December 2016) Brisbane population* (preliminary estimate as at 30 June 2016) Queensland - 11 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second

More information

Northern Beaches Transport Action Plan

Northern Beaches Transport Action Plan Northern Beaches Transport Action Plan The NSW Government is taking action now to deliver transport improvements for the Northern Beaches, as well as planning for the future growth of the area. $633 million

More information

The Cairns Property Market. Presented by Rick Carr Research Director, Herron Todd White 28 July 2015

The Cairns Property Market. Presented by Rick Carr Research Director, Herron Todd White 28 July 2015 The Cairns Property Market Presented by Rick Carr Research Director, Herron Todd White 28 July 2015 National Market Dubbo Gippsland Horsham Latrobe Valley Newcastle Sydney Tamworth Toowoomba W ollongong

More information

DOMESTIC TOURISM REPORT: OVERVIEW OF ACCOMMODATION PERFORMANCE

DOMESTIC TOURISM REPORT: OVERVIEW OF ACCOMMODATION PERFORMANCE 22 June 2017 DOMESTIC TOURISM REPORT: OVERVIEW OF ACCOMMODATION PERFORMANCE 1. Key markets and trends 1.1 Overview Domestic Overnight Visitors 91,682,567 3.1% Domestic Visitor Nights 335,480,784 3.8% Domestic

More information

STATE HANDBOOK: TASMANIA

STATE HANDBOOK: TASMANIA STATE HANDBOOK: TASMANIA OCTOBER 217 CONTENTS 2 Key points 3 In Focus: seasonal conditions for agriculture 4 Tourism 5 Consumer & household sector 6 NAB consumer spending behaviours 7 Business sector 8

More information

STATE HANDBOOK: TASMANIA

STATE HANDBOOK: TASMANIA STATE HANDBOOK: TASMANIA MARCH 17 CONTENTS Key points 3 In Focus: dairy industry 4 Tourism 5 Consumer & household sector NAB consumer spending behaviours 7 Business sector 8 Residential property 9 Labour

More information

Annual Gross Domestic Product (Production Measure)

Annual Gross Domestic Product (Production Measure) June 2017 Executive Summary Page 2 Latest Quarter Economic Trends page 3 Economic Outlook page 4 Labour Force page 5 Retail Activity page 6 Building Activity page 7 Tourism Trends page 8 Local Authorities

More information

Is uneven economic growth dividing Australian society? 14 March 2017

Is uneven economic growth dividing Australian society? 14 March 2017 Is uneven economic growth dividing Australian society? 14 March 2017 Outline Growing national economy hides a concerning spatial distribution. The big cities and mineral production are driving the national

More information

43 HIDDEN HOTSPOT GLENWOOD (SYDNEY) HOUSES WORONORA HEIGHTS (SYDNEY) HOUSES HIDDEN HOTSPOTS GROWTH SUBURBS

43 HIDDEN HOTSPOT GLENWOOD (SYDNEY) HOUSES WORONORA HEIGHTS (SYDNEY) HOUSES HIDDEN HOTSPOTS GROWTH SUBURBS 43 HIDDEN HOTSPOT with high growth potential Finding areas set to grow in value has become more challenging since the recent strong growth spurt in many markets. But they do still exist if you know where

More information

Positive prospects Queensland Business Outlook

Positive prospects Queensland Business Outlook Positive prospects Queensland Business Outlook September 2017 02 Contents Economic snapshot 01 Economic outlook 02 Economic growth 03 Labour markets 04 International exports 04 Tourism 04 In focus: At

More information

Brisbane. Executive Summary. Economic Overview. Q Industrial Market Commentary

Brisbane. Executive Summary. Economic Overview. Q Industrial Market Commentary Q3 2017 Industrial Market Commentary Brisbane Executive Summary The Brisbane industrial market is showing tangible signs of improvement, after relatively soft leasing conditions in 2016. Gross take-up

More information

CairnsWatch. March Level 1, 95 Sheridan Street Cairns Qld 4870 PO Box 6843 Cairns Qld 4870

CairnsWatch. March Level 1, 95 Sheridan Street Cairns Qld 4870 PO Box 6843 Cairns Qld 4870 Watch March 2017 Cairns OVERVIEW AT A GLANCE The Cairns economy continues to muddle along, with no real directional changes evident over the last month. Tourism and employment indicators remain positive,

More information

Land area 1.73 million km 2 Queensland population (December 2015) Brisbane population* (June 2015)

Land area 1.73 million km 2 Queensland population (December 2015) Brisbane population* (June 2015) Queensland - 18 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second

More information

Property Report NSW / ACT

Property Report NSW / ACT Property Report NSW / ACT National overview Looking back over 2011 it s clear that the Australian property market was and in early 2012, still is far from homogenous. Cooler market conditions in many areas

More information

OUTLOOK WATERLOO. Waterloo is a growing residential market, boasting high amenity that is well located to a number of major employment centres.

OUTLOOK WATERLOO. Waterloo is a growing residential market, boasting high amenity that is well located to a number of major employment centres. OUTLOOK WATERLOO A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL Waterloo is a growing residential market, boasting high amenity that is well located to a number of major employment centres.

More information

CoreLogic Property Market Indicator Summary All data to week ending 3 December 2017

CoreLogic Property Market Indicator Summary All data to week ending 3 December 2017 Auction volumes lower slightly, while the preliminary clearance rate rises to 63.5 per cent There were 3,276 held across the combined capital cities this week, returning a preliminary auction clearance

More information

GREATER SYDNEY SUPPLY & DEMAND. Tourism Accommodation Australia 31 May 2017

GREATER SYDNEY SUPPLY & DEMAND. Tourism Accommodation Australia 31 May 2017 GREATER SYDNEY SUPPLY & DEMAND Tourism Accommodation Australia 31 May 2017 OVERVIEW 1 Trading Performance 4 Summary 2 Supply & Demand 5 Questions 3 Hotel Investment Market TRADING PERFORMANCE Sydney City

More information

South Australia Property Report January 2014

South Australia Property Report January 2014 South Australia Property Report National Overview This quarter we look around the nation to identify affordable properties with the potential to deliver healthy long term gains suitable for first home

More information

MARKETBEAT. Queenstown Regional. Residential

MARKETBEAT. Queenstown Regional. Residential Winter 2016 MARKETBEAT RESEARCH NEWSLETTER Queenstown Regional Queenstown is booming. A surging tourism sector drawing in more workers, coupled with an increasing wave of lifestylers and rising investor

More information

Property Flipping Report. Prepared by CoreLogic

Property Flipping Report. Prepared by CoreLogic Property Flipping Report Prepared by CoreLogic About CoreLogic About CoreLogic CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics

More information

July 2012 News. Page 1 of 24

July 2012 News. Page 1 of 24 July 2012 News Page 1 of 24 July 2012 News Residential Market Table of Contents Population Growth...1 Brisbane Statistical Division...1 Brisbane City...2 Sunshine Coast...2 Consumer Sentiment...3 QLD Properties

More information

An Actuarial Approach to Optimising the Trade-off Between Media and Price Promotions. Adam Driussi and Caroline Stevenson

An Actuarial Approach to Optimising the Trade-off Between Media and Price Promotions. Adam Driussi and Caroline Stevenson An Actuarial Approach to Optimising the Trade-off Between Media and Price Promotions Adam Driussi and Caroline Stevenson The challenge Agenda Traditional solutions Media modelling an actuarial approach

More information

Monthly Fuel Price Report August 2015

Monthly Fuel Price Report August 2015 Monthly Fuel Price Report August 2015 3 September 2015 The RACQ monthly fuel price report presents a summary of the fuel price trends in Queensland for August 2015. Key points ULP sold in Brisbane was

More information

TRENDS AND PROSPECTS FOR THE CAIRNS / TROPICAL NORTH QUEENSLAND ECONOMY PRESENTATION TO PROFESSIONAL ACCOUNTANTS CAIRNS

TRENDS AND PROSPECTS FOR THE CAIRNS / TROPICAL NORTH QUEENSLAND ECONOMY PRESENTATION TO PROFESSIONAL ACCOUNTANTS CAIRNS TRENDS AND PROSPECTS FOR THE CAIRNS / TROPICAL NORTH QUEENSLAND ECONOMY PRESENTATION TO PROFESSIONAL ACCOUNTANTS CAIRNS WS (Bill) Cummings Ref: J3015 26th August 2016 AUSTRALIAN DOLLAR (SEPT) Year USD

More information

MARKET OUTLOOK PERTH WESTERN AUSTRALIA

MARKET OUTLOOK PERTH WESTERN AUSTRALIA MARKET OUTLOOK PERTH WESTERN AUSTRALIA 1 Perth Overview 2 Education & Demographics 3 Investment & Employment 4 Perth Infrastructure 5 Residential Property Market Prepared exclusively for Pindan August

More information

What will a broad-based economic recovery mean for the Brisbane office leasing market?

What will a broad-based economic recovery mean for the Brisbane office leasing market? 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 What will a broad-based economic recovery mean for the Brisbane office leasing market? December 216 Summary Introduction Vacancy in the Brisbane

More information

Investment focus on Melbourne. December 2016

Investment focus on Melbourne. December 2016 Investment focus on Melbourne December 2016 Melbourne is experiencing a phase of extraordinary positivity that is extending across all of its property markets. This is illustrated in the Q316 take-up figures

More information

Australia & New Zealand

Australia & New Zealand Strategy Management Consultancy Australia & New Zealand Regional Analysis 2016 k n o w l e d g e c e n t e r Linesight Knowledge Center linesight.com Contents Australia Market Review 3 Australia Key Statistics

More information

El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year:

El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year: El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year: The Company's revenues in 2016 amounted to approx. USD 2,038 million, compared to approx.

More information

DAVID SHELDON Chair Australian Regional Tourism Network (ARTN inc 2001)

DAVID SHELDON Chair Australian Regional Tourism Network (ARTN inc 2001) Collaboration between the Local Government s & the Australian Regional Tourism Network (ARTN) Local Government Spend on Tourism DAVID SHELDON Chair Australian Regional Tourism Network (ARTN inc 2001) The

More information

A subsidiary of Metro Property Development SUBURB PROFILE LARA 7TH JUNE 2017

A subsidiary of Metro Property Development SUBURB PROFILE LARA 7TH JUNE 2017 A subsidiary of Metro Property Development SUBURB PROFILE LARA 7TH JUNE 2017 OVERVIEW Lara is a suburb located in the Greater Geelong Area just 17kms from Geelong and 60kms to the Melbourne CBD. Lara is

More information

Annual Fuel Price Report 2010

Annual Fuel Price Report 2010 Annual Fuel Price Report 20 The RACQ publishes comprehensive monthly analysis of petrol price movements for major capital city markets and Queensland regional centres. This report draws on that information

More information

OUTLOOK WEST END MARCH 2016 A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL 1 POP 2 INF 3 EMP

OUTLOOK WEST END MARCH 2016 A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL 1 POP 2 INF 3 EMP OUTLOOK A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL West End is perfectly positioned to benefit from the balance of inner-city living with commercial, retail and lifestyle amenity alongside

More information

48 Oct-15. Nov-15. Travel is expected to grow over the coming 6 months; at a slower rate

48 Oct-15. Nov-15. Travel is expected to grow over the coming 6 months; at a slower rate Analysis provided by TRAVEL TRENDS INDE OCTOBER 2016 CTI shows travel grew in October 2016. LTI predicts easing travel growth through the first four months of 2017, with some momentum sustained by domestic

More information

Australia Office MarketView

Australia Office MarketView Australia Office MarketView Q4 212 QUARTERLY GDP.5% OFFICE JOBS GROWTH -.8% CBD OFFICE VACANCY 8.1% PRIME RENTAL GROWTH +3.2% CBRE Global Research and Consulting PRIME YIELD 7.45% Q412 INVESTMENT VOLUME

More information

Melbourne. January property news. Adelaide Brisbane Melbourne Perth Sydney Shanghai

Melbourne. January property news. Adelaide Brisbane Melbourne Perth Sydney Shanghai MyNews 2014 Melbourne January property news REIV: Property Outlook for 2014. Melbourne leads nation in catering for population growth. Avalon airport rail link reaches planning milestone. Thousands of

More information

INTERIM REVIEW OF AUSTRALIAN CONSTRUCTION MARKET CONDITIONS TO MARCH 2016

INTERIM REVIEW OF AUSTRALIAN CONSTRUCTION MARKET CONDITIONS TO MARCH 2016 INTERIM REVIEW OF AUSTRALIAN CONSTRUCTION MARKET CONDITIONS TO MARCH 2016 FOREWORD NICK DEEKS - MANAGING DIRECTOR WT Partnership (WTP) is an award winning international cost and consultancy organisation

More information

AIR PASSENGER MARKET ANALYSIS

AIR PASSENGER MARKET ANALYSIS Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS JANUARY 2014 KEY POINTS Air travel markets commenced 2014 with a strong increase

More information

State of the Economy St. John's Metro

State of the Economy St. John's Metro State of the Economy St. John's Metro Published by: Department of Economic Development, Tourism & Culture City of St. John's Email: business@stjohns.ca Although every effort has been made to ensure the

More information

Airport forecasting is used in master planning to guide future development of the Airport.

Airport forecasting is used in master planning to guide future development of the Airport. Airport Forecasts Airport forecasting is used in master planning to guide future development of the Airport. 4.1 INTRODUCTION Airport forecasting ensures development is appropriate for passengers, ground

More information

Monthly Fuel Price Report January 2015

Monthly Fuel Price Report January 2015 Monthly Fuel Price Report January 2015 4 February 2015 The RACQ monthly fuel price report presents a summary of the fuel price trends in Queensland for January 2015. Key points Metropolitan petrol prices

More information

Australian Technology Recruitment Market Insights & Salary Guide Architecture

Australian Technology Recruitment Market Insights & Salary Guide Architecture Australian Technology Recruitment Market Insights & Salary Guide 2016-2017 Architecture 1 Contents Executive Summary 3 Market Report 4 Salary Guide 7 About Greythorn 12 Contact us 12 These survey results

More information

Mar-16. Apr-16. Travel is expected to grow over the coming 6 months; at a slower rate

Mar-16. Apr-16. Travel is expected to grow over the coming 6 months; at a slower rate Analysis provided by TRAVEL TRENDS INDE MARCH 2017 CTI reading of.8 in March 2017 shows that travel to and within the U.S. grew by 3.6% from March 2016 to March 2017. LTI predicts overall positive travel

More information

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections* 1 Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*. This is a 1,351 increase over 2016 and a doubling of service since 1996, when there

More information

Latin America: Outlook and Challenges Alejandro Werner Director Western Hemisphere Department

Latin America: Outlook and Challenges Alejandro Werner Director Western Hemisphere Department International Monetary Fund Washington, DC. May, 3 Latin America: Outlook and Challenges Alejandro Werner Director Western Hemisphere Department Developments and Outlook Policy Challenges and Priorities

More information

Escape to the cities for best quality of life

Escape to the cities for best quality of life MEDIA RELEASE Embargoed until 12:01am Wednesday August 20 2008 Escape to the cities for best quality of life Kingborough in southern Hobart has the best quality of life in Tasmania The lowest quality of

More information

U.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND

U.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND MAY 2015 U.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND Susan Furbay Vice President of Business Development HVS 369 Willis Avenue, Mineola, NY 11501, USA Years of rising average daily rates and demand,

More information

INNER BRISBANE APARTMENT MARKET

INNER BRISBANE APARTMENT MARKET WINTER 2016 MARKET TRENDS Strong growth in dwelling approvals and finance commitments. Some approved developments being postponed on the back of fears of oversupply. INNER BRISBANE APARTMENT MARKET This

More information

AIR PASSENGER MARKET ANALYSIS JANUARY 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS JANUARY 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS JANUARY 2015 KEY POINTS Global air travel was up 4.6% in January compared to a year ago, a slower start to the year when compared to the strong 5.8% expansion in 2014 overall.

More information

AUSTRALIAN TRAVEL TIME METRIC 2017 EDITION

AUSTRALIAN TRAVEL TIME METRIC 2017 EDITION AUSTRALIAN TRAVEL TIME METRIC 217 EDITION For more information please contact: Brendan Lyon Chief Executive Officer Infrastructure Partnerships Australia Suite 3.3, Level 3, 9 Pitt Street Sydney NSW 2

More information

Monthly Fuel Price Report November December 2017

Monthly Fuel Price Report November December 2017 Cost in cents per litre Monthly Fuel Price Report November 217 5 December 217 The RACQ monthly fuel price report presents a summary of the fuel price trends in Queensland for November 217. Key points The

More information

10 Ideas for the NSW Budget to Kick-start Jobs in Western Sydney

10 Ideas for the NSW Budget to Kick-start Jobs in Western Sydney 10 Ideas for the NSW Budget to Kick-start Jobs in Western Sydney 1. A mandated requirement for all large State Government infrastructure projects to have a 4:1 ratio for apprentices to tradespeople. 2.

More information

Mood of the Nation New Zealanders' perceptions of international visitors. March 2018

Mood of the Nation New Zealanders' perceptions of international visitors. March 2018 Mood of the Nation New Zealanders' perceptions of international visitors March 2018 Contents 1 Background and approach 3 2 Key insights 6 3 Detailed insights 10 4 Appendix: measures by region 31 2 1 Background

More information

HEAD & HEART: UNLEASHING AN UNSTOPPABLE IMPROVEMENT CULTURE

HEAD & HEART: UNLEASHING AN UNSTOPPABLE IMPROVEMENT CULTURE HEAD & HEART: UNLEASHING AN UNSTOPPABLE IMPROVEMENT CULTURE Promapp Case Study: Knowledge Capture Project Grant Barling Corporate Manager Toyota Motor Corporation Australia Toyota Australia has realised

More information

Economic Impact of Tourism in South Dakota, December 2017

Economic Impact of Tourism in South Dakota, December 2017 Economic Impact of Tourism in South Dakota, 2017 December 2017 1) Key findings 1) Growth continues in 2017 but pales against the event driven years of 2015 and 2016 in South Dakota Key facts about South

More information

Q3 Results. September 21, 2005» 1

Q3 Results. September 21, 2005» 1 Q3 Results September 21, 2005» 1 Financial results 9-month highlights» Significant growth in net income» Sharp improvement in gross margin» Strong increase in housing backlog in value terms» 3 9-month

More information

Tourism and hotel market outlook Executive summary

Tourism and hotel market outlook Executive summary Tourism and hotel market outlook Executive summary Edition 1, 2018 About the tourism and hotel market outlook This executive summary presents a snapshot of the Deloitte Access Economics Tourism and Hotel

More information

PEI Tourism Performance

PEI Tourism Performance PEI Tourism Performance Brian Dunn Manager - Evaluation, Measurements & Business Intelligence Department of Economic Development and Tourism November 25, 2016 Presentation Outline 1. Global Performance

More information

NORTH WEST GROWTH CENTRE

NORTH WEST GROWTH CENTRE OUTLOOK NORTH WEST GROWTH CENTRE A CONTEXT ON BUSINESS, CULTURE, LIFESTYLE AND RESIDENTIAL The North West Growth Centre is an emerging residential market that is expected to benefit from strong infrastructure

More information

COMMERCIAL UPDATE 21 September 2006

COMMERCIAL UPDATE 21 September 2006 COMMERCIAL UPDATE 21 September 2006 1 STEVE MANN CEO, Commercial & Industrial Division Stockland Commercial Division update 2 PRESENTATION AGENDA C&I Business Model C&I Mission SEE The Future of Australian

More information

For personal use only. Merrill Lynch Emerging Stars Conference

For personal use only. Merrill Lynch Emerging Stars Conference Merrill Lynch Emerging Stars Conference October 2013 Performance History Share Price Performance 12 Months 150 100 18.8% (3.6%) 14 Oct 2013 AHE ASX Small Ords Share price $3.72 2193.21 50 0 Oct-12 Dec-12

More information

AUSTRALASIA Market Report 3rd Quarter 2011

AUSTRALASIA Market Report 3rd Quarter 2011 AUSTRALASIA Market Report 3rd Quarter 2011 Adelaide, Aus Brisbane, Aus Launceston, Aus Sydney, Aus Melbourne, Aus Perth, Aus Wellington, NZ Auckland, NZ Christchurch, NZ Adelaide Brisbane Launceston Melbourne

More information

The Laminex Group Laminates & Panels. Investor Presentation October 2009 David Worley, Chief Executive Laminex

The Laminex Group Laminates & Panels. Investor Presentation October 2009 David Worley, Chief Executive Laminex The Laminex Group Laminates & Panels Investor Presentation October 2009 David Worley, Chief Executive Laminex Disclaimer 2 This presentation contains not only a review of operations, but also some forward

More information

Market Summary Queenstown 2017

Market Summary Queenstown 2017 Market Summary Queenstown 2017 Key Drivers For Queenstown Tourism & Infrastructure Growth Ski Area Investment- circa $150m spent in the last 5 years + $15m planned for Cardrona 2017 Queenstown International

More information

Tourism and hotel market outlook Executive summary

Tourism and hotel market outlook Executive summary Tourism and hotel market outlook Executive summary Edition 2, 2017 Tourism and hotel market outlook Edition 2, 2017 Australia About the Tourism and Hotel Market Outlook This executive summary presents

More information

Sydney Airport. Investment Highlights

Sydney Airport. Investment Highlights Sydney Airport Investment Highlights Disclaimer General Securities Warning This presentation has been prepared by Sydney Airport Holdings Limited (ACN 075 295 760 / AFSL 236875). This presentation is not

More information

For personal use only

For personal use only SMS Management & Technology Level 41 140 William Street Melbourne Victoria 3000 Australia T +61 1300 842 767 F +61 1300 329 767 www.smsmt.com Melbourne Sydney Brisbane Canberra Adelaide Hong Kong Vietnam

More information

National Overview. NSW/ACT Property Report July 2015

National Overview. NSW/ACT Property Report July 2015 NSW/ACT Property Report National Overview Owner-occupiers are the lifeblood of Australia s property market, and this quarter we reveal suburbs and locations where home buyers first timers as well as upgraders

More information

Q Earnings Financial Results for the Third Quarter Ended December 31, January 29, 2015 OMRON Corporation

Q Earnings Financial Results for the Third Quarter Ended December 31, January 29, 2015 OMRON Corporation Q3 2014 Earnings Financial Results for the Third Quarter Ended December 31, 2014 January 29, 2015 OMRON Corporation Contents 1. Summary 2. Q1-Q3 Results P. 2 P. 4 3. Full-Year Forecast P. 13 4. Corporate

More information

National Touring Survey Report

National Touring Survey Report Touring Survey NATIONAL TOURING SURVEY REPORT CONTENTS GO TO INTRODUCTION OVERVIEW... 3... 4 METHODOLOGY KEY FINDINGS... 4... 5 GALLERY DEMOGRAPHICS... 7... 9... 14... 15 EXHIBITION ACTIVITY ATTENDANCE

More information

Life expectancy and potentially avoidable deaths in

Life expectancy and potentially avoidable deaths in Life expectancy and potentially avoidable deaths in Published 30th November 2017 This report presents information on life expectancy at birth and potentially avoidable deaths in nationally and across Primary

More information

HOTEL SALES An analysis of hotel sales in Australia by Colliers International RESEARCH AND ANALYSIS REPORT CLIENT LOGO TO APPEAR HERE

HOTEL SALES An analysis of hotel sales in Australia by Colliers International RESEARCH AND ANALYSIS REPORT CLIENT LOGO TO APPEAR HERE CLIENT LOGO TO APPEAR HERE RESEARCH AND ANALYSIS REPORT HOTEL SALES 2017 An analysis of hotel sales in Australia by Colliers International Accelerating success. 2017: a year in review Following the three

More information

Air Transport MRO & PMA Market Forecast and Key Trends

Air Transport MRO & PMA Market Forecast and Key Trends Air Transport MRO & PMA Market Forecast and Key Trends Presented by: Michael Howard, Principal ICF SH&E michael.howard@icfi.com Gorham PMA Parts & DER Repairs San Diego, March 2013 0 Today s Agenda MRO

More information

HOTEL SALES An analysis of hotel sales in Australia by Colliers International RESEARCH AND ANALYSIS REPORT CLIENT LOGO TO APPEAR HERE

HOTEL SALES An analysis of hotel sales in Australia by Colliers International RESEARCH AND ANALYSIS REPORT CLIENT LOGO TO APPEAR HERE CLIENT LOGO TO APPEAR HERE RESEARCH AND ANALYSIS REPORT HOTEL SALES 2017 An analysis of hotel sales in Australia by Colliers International Accelerating success. 2017: a year in review Following the three

More information

Australian Technology Recruitment Market Insights & Salary Guide IT Security

Australian Technology Recruitment Market Insights & Salary Guide IT Security Australian Technology Recruitment Market Insights & Salary Guide 2016-2017 IT Security 1 Contents Executive Summary 3 Market Report 4 Salary Guide 7 About Greythorn 20 Contact us 20 These survey results

More information

Home About us Contact

Home About us Contact Page 1 of 5 Home About us Contact IN THIS EDITION 1. A message from IPA s Chief Executive Brendan Lyon 2. Added 3. Status Changes 4. Updates 1. A message from IPA s Chief Executive Brendan Lyon I am delighted

More information

The Economic Impact of Tourism on Galveston Island, Texas Analysis

The Economic Impact of Tourism on Galveston Island, Texas Analysis The Economic Impact of Tourism on Galveston Island, Texas 2012 Analysis Headline Results Headline results Tourism is a significant contributor to business sales, employment, and taxes on Galveston Island.

More information

FOR IMMEDIATE RELEASE 26 APR 2017 CDL HOSPITALITY TRUSTS REPORTS TOTAL DISTRIBUTION OF S$24.1 MILLION FOR 1Q 2017

FOR IMMEDIATE RELEASE 26 APR 2017 CDL HOSPITALITY TRUSTS REPORTS TOTAL DISTRIBUTION OF S$24.1 MILLION FOR 1Q 2017 FOR IMMEDIATE RELEASE 26 APR 2017 CDL HOSPITALITY TRUSTS REPORTS TOTAL DISTRIBUTION OF S$24.1 MILLION FOR 1Q 2017 Net property income increased by 6.4% to S$35.9 million for 1Q 2017 Total distribution

More information

Monthly Fuel Price Report June 2016

Monthly Fuel Price Report June 2016 Cost in cents per litre Monthly Fuel Price Report June 16 5 July 16 The RACQ monthly fuel price report presents a summary of the fuel price trends in Queensland for June 16. Key points At 126.6 cpl, ULP

More information

New South Wales: state economy and State Budget,

New South Wales: state economy and State Budget, New South Wales: state economy and State Budget, 2016-17 Government measures for business and industry The 2016-17 NSW Budget was handed down by the NSW Treasurer, Gladys Berejiklian on Tuesday 21 June

More information

Monthly Fuel Price Report October November 2017

Monthly Fuel Price Report October November 2017 Cost in cents per litre Monthly Fuel Price Report October 17 3 November 17 The RACQ monthly fuel price report presents a summary of the fuel price trends in Queensland for October 17. Key points The average

More information

El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017.

El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017. August 16, 2017 El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017. The Company's revenues in the second quarter of 2017 amounted to approx. USD

More information

Monthly Fuel Price Report December January 2018

Monthly Fuel Price Report December January 2018 Cost in cents per litre Monthly Fuel Price Report December 17 3 January 18 The RACQ monthly fuel price report presents a summary of the fuel price trends in Queensland for December 17. Key points The average

More information

a bold statement In one of the city s moving suburbs, Five Chester is already somewhere making getting anywhere else a short outing.

a bold statement In one of the city s moving suburbs, Five Chester is already somewhere making getting anywhere else a short outing. a bold statement In one of the city s moving suburbs, Five Chester is already somewhere making getting anywhere else a short outing. Nestled in a botanic hub just moments from the Broadwater, transport

More information

3 The growth of Western Sydney

3 The growth of Western Sydney 3 The growth of Western Sydney About this chapter This chapter provides an overview of Western Sydney s growing population and economy, and the benefit of the proposed Western Sydney Airport. Population

More information

https://gsc-public-1.s3-ap-southeast-2.amazonaws.com/s3fs-public/draft-eastern-city-district-plan.pdf

https://gsc-public-1.s3-ap-southeast-2.amazonaws.com/s3fs-public/draft-eastern-city-district-plan.pdf GSC Sydney East Rev Draft -references Port Botany - 30 https://gsc-public-1.s3-ap-southeast-2.amazonaws.com/s3fs-public/draft-eastern-city-district-plan.pdf Pages 6. The District s freight routes, particularly

More information

Destination Visitor Survey Strategic Regional Research Queensland: Understanding the Queensland Touring Group

Destination Visitor Survey Strategic Regional Research Queensland: Understanding the Queensland Touring Group Destination Visitor Survey Strategic Regional Research : Understanding the Touring Group Introduction Tourism is a major industry for (Qld), directly contributing around 124,000 jobs annually. In the year

More information

HOTEL Futures 2015 A REVIEW OF THE REVENUE PERFORMANCE OF MAJOR AUSTRALIAN HOTEL MARKETS WITH FORECASTS TO

HOTEL Futures 2015 A REVIEW OF THE REVENUE PERFORMANCE OF MAJOR AUSTRALIAN HOTEL MARKETS WITH FORECASTS TO HOTEL Futures 2015 A REVIEW OF THE REVENUE PERFORMANCE OF MAJOR AUSTRALIAN HOTEL MARKETS WITH FORECASTS TO 2023 HOTEL FUTURES 2015 Growth FY2014/2015 PERTH FY14-11.4% FY15-0.5% Cover & Layout: Cover artwork

More information

Perth Industrial Market

Perth Industrial Market WINTER 2016 MARKET TRENDS Perth Industrial Market Rents have softened. Vacancy is increasing, particularly in older space. Land values have declined marginally over the last year. Sales activity was robust

More information

TOP END INDUSTRY SENTIMENT AT A GLANCE - SEPTEMBER QUARTER 2015

TOP END INDUSTRY SENTIMENT AT A GLANCE - SEPTEMBER QUARTER 2015 TOP END INDUSTRY SENTIMENT AT A GLANCE - SEPTEMBER QUARTER 2 PERFORMANCE BUSINESS OUTLOOK Darwin and surrounds Sector performance index Kakadu / Arnhem Land (KAL) KAL Sector performance index No responses

More information

AIR PASSENGER MARKET ANALYSIS DECEMBER 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS DECEMBER 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS DECEMBER 2015 KEY POINTS Global air passenger traffic grew by 6.5% in 2015 as a whole the fastest pace since the post-gfc rebound in 2010 and well above the 10-year average

More information

Figure 1.1 St. John s Location. 2.0 Overview/Structure

Figure 1.1 St. John s Location. 2.0 Overview/Structure St. John s Region 1.0 Introduction Newfoundland and Labrador s most dominant service centre, St. John s (population = 100,645) is also the province s capital and largest community (Government of Newfoundland

More information

AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS Global air travel rose 5.7% in June compared to a year ago, a slowdown on the strong May increase of 6.9%. The deceleration is due to slower growth in

More information