Tassie Real Estate on Top of the World (With Simon Pressley of Propertyology)

This week the boys are joined by friend of the Podcast, Simon Pressley of Propertyology, to discuss the state of the Australian Marketplace with a particular focus on the strength of the Tassie Market currently. With record lows on stock levels in Hobart, What does this mean for purchasers and sellers in the future?

Property Pod / Propertyology

Tassie Real Estate On Top of the World
  1. Capital growth rates over 20-years ending December 2020
     
    • Sydney             6.6% 

    • Brisbane           6.8%
  2.  
    • Melbourne       7.3%
  3.  
    • Burnie              7.3%
  4.  
    • Launceston       7.9%
  5.  
    • Hobart 8.3%
  6.  
  7. Australian real estate is currently booming. But the biggest ever boom occurred during 5-years ending 2005
     
    • 128 out of 183 = 100%+
  8.  
    • Sydney             57%
  9.  
    • Melbourne       67%
  10.  
    • Brisbane           118%
  11.  
    • Burnie              121% 

    • Launceston       143% 

    • Hobart              147%
  12.  
  13. Population growth over last 5-years, compared to capital growth 
    • Brisbane           10.5% / 12%
    • Sydney             8.7% / 15%
    • Melbourne       12.1% / 21%
    • Burnie              1.1% / 30%
    • Launceston       3% / 40%
    • Hobart              7.3% / 48%
  14. Australia’s biggest cities have increased their living style density. Construction of new houses vs apartments over last 10-years
     
    • Canberra          72%
  15.  
    • Sydney             66%
  16.  
    • Melb, Bris, Darwin 50%
  17.  
    • Hobart              17%
  18.  
    • Launceston       28%
  19.  
5.     Financial performance (capital growth) of houses versus apartments over last 10-years
  • Syd                   80% / 67%
  • Canb                 32% / 6%
  • Melb                48% / 28%
  • Bris                   19% / 1%
  • Hobart              47% / 44%
  • Launceston       40% / 30%
  • Wangaratta houses did better than Sydney apartments
6.     Australians are increasingly attracted to regional living, as opposed to capital cities
  • AUS capitals had a combined population DECLINE of 133,905 over 5-years ending Sept 2020
  • Tassie internal migration over last financial years
     
    • Clarence 2074
  •  
    • Sorrel 1269
  •  
    • Huon Valley 1071
  •  
    • Latrobe 1050
  •  
    • ** Hobart CC -1076
  •  
    • ** Glenorchy -734
  •  
    • ** Launceston-1029
  •  
  1. Australian real estate has a significant problem. Considerable bureaucracy over the last 5-years has created a widespread mobility crisis and a rental crisis. Here’s a snapshot of the last 5-years:
     
    • Population                    +1.85 million
  2.  
    • Dwellings                      +958k
  3.  
    • RE transactions             -17% (521k pa - 432k pa)
  4.  
  1. Volume of dwellings listed for sale over last 5-years:
     
    • AUS                  -27%
  2.  
    • Syd                   +4%
  3.  
    • Melb                +5%
  4.  
    • Bris                   -14%
  5.  
    • Hobart              -59%
  6.  
    • Launceston       -57%
  7.  
    • Burnie              -68%
  8.  
  9. Rental vacancy change over last 5-years:
     
    • 136 of 150 AUST largest towns vacancy rate <1.5%
  10.  
    • Feb2016 - Feb2021
       
      • AUS 

      • Syd       9.5k to 24.8k dwellings (vacancy rate from 1.5% to 3.3%)
    •  
      • Mel      9.7k to 27.8k dwellings (1.9% to 4.5%)
    •  
      • Hob      239 to 194 dwellings (0.9% to 0.6%)
    •  
      • Laun     314 to 146 dwellings (1.9% to 0.8%)
    •  
      • Burnie 198 to 17 dwellings (1.8% to 0.1%)
    •  

  11. Job advertisements (since Feb2020)
     
    • Total capitals    +9.7%
  12.  
    • Total regions     +72.4%
  13.  
    • Sydney             -3%
  14.  
    • Melbourne       +2%
  15.  
    • Brisbane           +23%
  16.  
    • Hobart              +54%
  17.  
    • Launceston       +76%
  18.  
    • Burnie              +73%
  19.  
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