Tag Archives: unitprices

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

Comments in Courier-Mail on residential construction & First Home Owners’ Grant

I am quoted extensively in John McCarthy’s Courier-Mail article this morning Brisbane house prices showing strong growth while regions are suffering (pay-walled), expressing similar views to those in my post from yesterday. In the Courier-Mail article, I sound more alarmist … Continue reading

Posted in Brisbane, Gold Coast, Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 5 Comments

Risk to SEQ economy from likely downswing in residential construction, as market absorbs huge supply shock

John McCarthy had a very good opinion piece in yesterday’s Courier-Mail on the “Sorry tale of the great Queensland divide”, in which he contrasted SEQ’s relatively strong economic performance with weakness in many regions, an issue which I frequently commented … Continue reading

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OECD right to recommend “Close vigilance on housing-market developments is still required”

I was not surprised to learn yesterday that the OECD remains concerned about Australia’s housing market, which has shown signs of over-heating, particularly in Sydney, although the OECD did note that there are “receding risks from the housing boom” (see … Continue reading

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Economists and their models

Across Brisbane at the moment there is a huge amount of residential construction activity, particularly of apartment towers. Our understanding of supply and demand suggests this will suppress the growth of unit prices in the near future, or in the … Continue reading

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