CBA Forecasts a Housing Boom
House prices in Australia will rise by 16 per cent over 2021 and 2022, according to the report published by Commonwealth Bank's head of Australian economics, Gareth Aird.
“The negative impact that COVID-19 had on Australian property prices turned out to be much more muted than almost any forecaster expected, us included,” he wrote.
Sydney and Melbourne are expected see around 7 per cent growth by the end of the year, and the prices are predicted to rise by about 9 - 10 per cent over the other capital cities—with Darwin predicted to rise by 12 per cent.
ANZ, NAB, and AMP Capital are also revising their pre-COVID forecasts, all of which agreeing that the market is pointing towards growth if the current conditions remain unchanged.
The Australian Superpower
What to Expect in Australia
One of the first observations from those living in the cities of Asia tend to make is that, everything is so far away. For instance, a twenty minute drive is considered close by for those living in the western suburbs of Sydney.
It's part of the life here in the land down under. Driving hours without end, and can be considered an every day Australian superpower. Weekend road trips become the norm, and driving the round trip between capital cities over a weekend is not as rare as you'd think.
For Sydney-siders, that's around one thousand, seven hundred and fifty five to Melbourne trip, and one thousand eight hundred and thirty or so for the trip to Brisbane. And that translate to about 20 hours in the car.
Are you ready to try your hand at these?
"Being lost in Australia gives you a lovely sense of security."
--Bruce Chatwin, The Songlines.
The Volitility of Gamestop Corp. (GME) is a Story of Investor Sentiment
Reaching US $438 per share from approximately US $10 per share, GME stock price fluctuations. To put that into perspective, A$100 invested in the GME stock on 1 Oct 2020 would have had a value of A$4943.71 at its peak.
The growth was fueled by the sentiment that hedge funds and banks have been selling the stocks to reduce its value. Investors responded by buying up stock, increasing demand for the share beyond the supposed selling capability of hedge funds and banks, ultimately causing the skyrocketing value of the share.
What caused the entire charade is a sentiment—and the result was billions of dollars of losses and gains. Honestly, it's happening around us right now. Just take a look at the Australian pandemic house prices. The appear to be rising despite the earlier predictions of losses. It's simple really—when more money is invested behind the vision of value, then the value will increase. It's exactly what happened when the immense investment supporting the value of GME stocks outweighing that of the apparent hedge funds and banks.
And it call comes back down to sentiment—do people see value in it? Can you predict the future sentiment of our current pandemic housing market?
“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.” --Warren Buffett
Established or New-Build
What to choose for a New Home
The biggest advantage of building a new house is that you can customise it to exactly how you want, of course however much your budget allows for—colours, materials, which room goes where and for what reason, it's all a choice.
But making so many decisions in a short amount of time isn't for everyone, especially if you find it hard to visualise the final design.
That's where benefits of purchasing an established homes shine. The process is quick because what you see is the finished product. You can decide as in person, imagining your lifestyle inside the walls to see whether the designs suit your needs.
Contrary to popular belief, new builds are not necessarily more expensive than an established home, but that's generally because of location. It can be hard to find an empty closer to city centers.
Either way, the most important factors when deciding a house is: Where do I want to live? What kind of house do I want? What can I afford?
New vs Old. The consistent argument.
The Apartment Promise
Less Decisions, A New Build & Centrally Located
Deciding where to buy your home is one of the largest decisions that is too be made in the house searching process. Sometimes it is hard to decide between the location of an established home and the fittings of a new-build. That's where the apartment comes in—newly built and fitted with the latest in design and technology, in city central location.
Introducing ARCADIA RESIDENCE, of Brisbane's West Village.
By SEKISUI HOUSE, the Arcadia Residence epitomise respect, renewal, and refinement as a result of unprecedented collaboration between internationally acclaimed design leaders, Akira Isogawa, SJB Interiors and Plus Architecture.
Alex Halim & Associates and House Estate Agents are proud to be representing the vision behind this project.
"To create a living environment that is friendly to both humans and the planet ..."
Land is still available at our Holmview Estate.
--Sunrise Property Group