Tag Archives: houseprices

Brisbane unit values fell nearly 3% on average over 12 months to end of January

The huge supply increase in Brisbane apartments has resulted in a fall in unit values of 2.7% in the 12 months to 31 January, according to new CoreLogic estimates published yesterday (see Chart 1, based on data available in the … Continue reading

Posted in Brisbane, Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , | 2 Comments

Sydney & Melbourne property prices defy rational explanation

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

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

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

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

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

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

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

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

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