It’s all talk with housing
We have just been treated to 10 days of housing policies by our Premier. It seems the penny has dropped, and someone has finally worked out that we are in a housing crisis. Who knew? My take is as follows Day 1: Delivering 50 new “Train and Tram Zone” Activity Centres Summary, using land […]
Asking prices are the guide to the residential market
I want to dedicate this article this week to my mate, Bob, who passed away on Monday afternoon. It is ironic that a beautiful animal that can provide so much love dies of a swollen heart. Mine is broken. Spring is here, and as expected the volume of listings on the market has increased across […]
Our CBD – a proper market square is the fix
Geelong CBD has more than 25,000sqm of empty office space, with another 42,000 sqm currently in the planning pipeline. Given this oversupply, landlords are doing everything they can to attract new tenants even offering up to 30 per cent of the rental return as incentives. A recent review of this market by PRP (Preston Row […]
It’s time to claim back our CBD
Geelong CBD is at a crunch point and many years of previous investment are about to be wasted if we do not take action. Council elections are due to take place in November, and I am encouraged to see that mayor Trent Sullivan is standing again. I was sceptical when mayor Sullivan first took office […]
Time to be positive
In any property cycle there are opportunities. One person’s misfortune is another’s gain. We are now 19 months into a new property cycle, and about six months into the stabilisation stage. From our peak (Q2, 2022) we have lived through a downturn of -7 per cent to -14 per cent on average since late 2023. […]
Figures finally trending in the right direction
What a change a few numbers can make! Last week the publication of the June Quarter inflation numbers crucially demonstrated inflation is in decline, albeit only slightly. Inflation of 3.8 per cent, (down from 4 per cent) was in line with the RBA forecast. The most significant price rises this quarter were housing (+1.1 per […]
A touch of the cold weather blues
Angry, relieved? I must admit I was not surprised at all by the CFMEU report broadcast on the Nine Network last week. There isn’t a soul in the building or property sector, or even in small business that hasn’t born witness in some form. If you think you haven’t been personally affected by their behaviour, […]
Winter gloom or bloom?
Yes, winter is here. People north of Victoria think our cold winters are gloomy and sad – little do they know winter is our time of year: it’s fresh, its clean, it wakes you up. We snuggle into our loved ones for a warm cuddle, we get out and watch our winter sport, we coach […]
The end of another financial year
With another financial year coming to a close, this one means a lot more than others. For valuers, in more recent years it has become a mad rush to the line, to get out valuation reports on properties for financial reporting purposes: taxation, capital gains, stamp duty, superannuation, plus the new daily enquiry on land […]
Stamp duty changes for commercial property
Rarely have we seen so much government meddling with the taxation and property systems. With each change, it seems low-income earners or small businesses cop the backlash. I feel like every second article I’m writing is about a new property tax, it’s hard to keep up, and I am a professional in the industry. Today […]
