Tag Archives: houseprices

Sydney & Melbourne property prices defy rational explanation

Posted on January 5, 2017 by Gene Tunny

At the Guardian, Gareth Hutchens criticises some market economists for their forecasts of a correction in house prices in 2016, while house prices in Sydney and Melbourne actually grew at double-digit rates. Market economists Saul Eslake and Stephen Koukoulas have … Continue reading →

Posted in Housing, Uncategorized | Tagged , , , , , , , , , , , | 4 Comments

Heat map of Brisbane metro property prices – big opportunities in the Western corridor?

Posted on July 11, 2016 by Gene Tunny

It is well appreciated that people are willing to pay more for properties that are closer to the CBD, have a greater range of services close by (e.g. transport, retail) and offer an attractive lifestyle (e.g. a cosmopolitan community, river … Continue reading →

Posted in Housing, Uncategorized | Tagged , , , , , , , | 3 Comments

Exciting week for economy watchers: State of the States, a possible rate cut, and the Budget

Posted on May 2, 2016 by Gene Tunny

CommSec’s latest State of the States Report is out today, and, while I think its placement of Queensland in around the middle of Australia’s States and Territories (5th out of 8) is reasonable, I have some sympathy for Queensland Treasurer … Continue reading →

Posted in Budget, Housing, Infrastructure, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , , | 2 Comments

RBA to address ESA Qld seminar on recent labour market developments

Posted on July 21, 2015 by Gene Tunny

As Australia has experienced below-trend economic growth recently, and the unemployment rate has crept up to around 6 per cent, reducing the bargaining power of employees, wages growth has fallen (chart above). This in turn has contributed to relatively low … Continue reading →

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Michael Willis on interstate migration – Qld may benefit from trickle-down of housing price booms in Sydney & Melbourne

Posted on June 30, 2015 by Gene Tunny

Regular Queensland Economy Watch reader Michael Willis sent me his thoughts on the interstate migration issues I’ve been covering recently. His thoughts are posted below. Your recent posts, confirming that public sector job cuts contributed to the turning of the … Continue reading →

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Queenslanders leaving for professional jobs in Victoria

Posted on June 28, 2015 by Gene Tunny

For over two years now, Queensland has been a net loser of people to Victoria, as the historically reliable net migration of people from Victoria to Queensland has reversed (first chart below). The conditions for mass migration out of Victoria … Continue reading →

Posted in Migration | Tagged , , , , , , , | 2 Comments

Net interstate migration to Qld remains at low levels

Posted on March 27, 2015 by Gene Tunny

Yesterday, the ABS reported (see the media release): Queensland no longer outstripping nation Queensland’s population growth has slowed to its lowest rate in 15 years, according to figures released by the Australian Bureau of Statistics (ABS) today. “The sunshine state’s … Continue reading →

Posted in Population | Tagged , , , , , , , , , , , , | 3 Comments

HIA appears worried RBA will move to rein in housing market

Posted on October 9, 2014 by Gene Tunny

The Housing Industry Association (HIA) released an informative (though possibly naively optimistic) note yesterday titled A Portrait of Australian Home Prices, available at the HIA website, which is basically a message to the RBA that “There’s nothing to see here.” … Continue reading →

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Heritage protection imposing high costs

Posted on May 18, 2014 by Gene Tunny

The head of the Financial Stability Department at the Reserve Bank of Australia, Luci Ellis, delivered an excellent speech last week on Space and Stability: Some reflections on the Housing-Finance System. In the speech she observed: The cumulation of individual … Continue reading →

Posted in Housing | Tagged , , , , , , | 6 Comments