The New House Market in Outer Sydney
|
|
- Britton Turner
- 5 years ago
- Views:
Transcription
1 Will the new house market on broadhectare land in Outer Sydney ever recover back to previous peak levels? Extract to indicate the general nature of the report RESIDENTIAL PROPERTY
2 Contents The New House Market in Outer Sydney Contents EXECUTIVE SUMMARY... I 1 INTRODUCTION Methodology Census Primary market research Qualitative research Quantitative research Report outline Geography DEMOGRAPHICS Census analysis Age distribution Dwelling type Dwelling approvals Family type Income Occupation Place of work New residents previous location of residence SUMMARY RESULTS OF SURVEY OF RECENT AND INTENDING HOME BUYERS Introduction Recent buyers Purchaser type Time taken to purchase Dwelling choices Brand New Home Buyers Established home purchasers Purchase Prices Location choices Intending home buyers Current living arrangements Time looking for dwelling Dwelling choices First home buyers Intending to buy a brand new home Intending to buy an established home Location choices THE DWELLING DECISION Household type by purchaser type Household type by purchaser type Impact of the First Home Owner s Grant Boost Scheme New home versus established homes Why buy a brand new dwelling Why not buying a brand new dwelling BIS Shrapnel Pty Ltd 2009
3 Contents 4.7 Compromises made on the dwelling purchase to fit in budget Type of buyer Newness of dwelling Townhouses/villas/apartments Type of dwelling Reasons for purchasing a townhouse/villa/apartment Knock downs Previous living location Place of work LAND PRICE ISSUES Purchase Prices By type of purchaser New homes New vs established prices Premium prepared to pay Land prices Lot sizes Development feasibility FOCUS GROUPS Introduction Why rent? Mortgage issues First Home Owner s Grant Boost Scheme Location Current location How does location play a part in their dwelling purchase? Proximity to transport/public transport Dwelling considering buying Type of dwelling New versus established house New housing estates Dwelling trade offs Affordability Capital gain prospects Staying in Sydney? Entering the market as a stepping stone DEVELOPER INTERVIEWS Introduction Main issues Are there any issues with the product? What are the issues on the cost side of the equation? Current market environment Variations in development geographically Knockdowns Small lot housing/townhouses APPENDIX iv BIS Shrapnel Pty Ltd 2009
4 List of Tables & List of Charts The New House Market in Outer Sydney Table I: Table II: Table III: Table IV: Table V: Table VI: Table VII: List of Tables Reasons for not purchasing a brand new dwelling Recent buyers... v Newness of dwelling purchased/intending to purchase by type of purchaser Recent home buyers and intenders houses only... vi Reasons for deciding to purchase a brand new dwelling Recent buyers... vi Compromises made to fit a new dwelling into the purchase budget by type of purchaser Recent buyers...vii Indicative development costs for a 150 lot subdivision, June ix Indicative development costs for a 150 lot subdivision, March x Type and newness of dwelling purchased/intending to purchase...xii Table 2.1: Age distribution of residents (%) Table 2.2: Dwelling type of residents (%) Table 2.3: Dwelling approvals Table 2.4: Family type of households (%) Table 2.5: Household income (%), new growth areas, Sydney Table 2.6: Occupation (% of employed persons), new growth areas, Sydney Table 2.7: Proportion of movers in each region, and , by place of work, (%) Table 2.8: Table 2.9: Net movers of households reference persons by age group, Outer Ring, 2001 to 2006 (persons)...22 Change in proportion of residents moving between 1996 to 2001 and between 2001 to 2006, Central Coast, by previous location of residence (%) Table 2.10: Change in proportion of residents moving between 1996 to 2001 and between 2001 to 2006, North West Sydney, by previous location of residence (%) Table 2.11: Change in proportion of residents moving between 1996 to 2001 and between 2001 to 2006, South West Sydney, by previous location of residence (%) Table 4.1: Household type by purchaser type (%) Recent buyers Table 4.2: Has the First Home Owner s Grant Boost Scheme encouraged you to enter the market?. 61 Table 4.3: Type of dwelling seeking, first home buyers Table 4.4: Has the First Home Owner s Grant Boost Scheme changed the dwelling purchase intention?...62 Table 4.5: Purpose to which the First Home Owner s Grant Boost Scheme will be put Table 4.6: Newness of dwelling purchased/intending to purchase (%) Table 4.7: Newness of dwelling purchased/intending to purchase by type of purchaser (%) Recent Home Buyers and Intenders all dwellings Table 4.8: Newness of dwelling purchased/intending to purchase by type of purchaser (%) Recent Home Buyers and Intenders houses only Table 4.9: Type of dwelling purchased/intending to purchase (%) Table 4.10: Whether considered a brand new dwelling (%) Recent Home Buyer purchasers of established dwellings Table 4.11: Type of established dwelling purchased versus type of brand new home considered prior to purchase (%) Recent buyers Table 4.12: Reasons for deciding to purchase a brand new dwelling (%) Recent buyers Table 4.13: Reasons for wanting to purchase a brand new dwelling (%) Intenders Table 4.14: Reasons for not purchasing a brand new dwelling (%) Recent buyers Table 4.15: Reasons for not considering a brand new dwelling (%) Intenders BIS Shrapnel Pty Ltd 2009
5 List of Tables & List of Charts Table 4.16: Whether compromises were made to fit the dwelling into the purchase budget (%) Recent buyers and Intenders...71 Table 4.17: Compromises made to fit the dwelling into the purchase budget by type of buyer (%) Recent buyers and Intenders...72 Table 4.18: Compromises made to fit the dwelling into the purchase budget by type of dwelling (%) Recent buyers Table4.19: Type of purchaser, new townhouse/apartment buyers (%) Recent buyers Table 4.20: Type and newness of dwelling purchased/intending to purchase (%) Table 4.21: Type of townhouse/villa/apartment purchased/intending to purchase by type of buyer, brand new dwellings only (%) Recent buyers and Intenders Table 4.22: Reasons for purchasing/intending to purchase a townhouse/villa/apartment instead of a house (%) Recent buyers and Intenders Table 4.23: Reasons for purchasing a townhouse/villa/apartment instead of a house (%) Recent buyers Table 4.24: Importance of reasons for purchasing and demolishing an existing dwelling to replace with a new dwelling (%) Table 4.25: Location of previous address, new buyers and all buyers, Sydney growth regions (%) Table 4.26: Place of work, recent buyers and intenders, both respondent and spouse/partner, Sydney growth regions (%) Table 4.27: Main mode of travel to work, Sydney growth regions (%) Table 5.1: Total purchase price by type of buyer (%) all purchasers Table 5.2: Median total purchase price by newness of dwelling all purchasers Table 5.3: Table 5.4: Median total purchase price by type of buyer and newness of dwelling all purchasers Indicative purchase price, new dwellings versus median house price, selected new home locations...85 Table 5.5: Premium prepared to pay for a brand new dwelling, established home purchasers (%) Recent buyers Table 5.6: Budget for the purchase of land Recent buyers and Intenders Table 5.7: Size of lots by purchaser and location Table 5.8: Indicative development costs for a 150 lot subdivision, November Table 5.9: Indicative development costs for a 150 lot subdivision, March List of Tables Chart 3.1: Map of aggregated post code boundaries covered by internet survey Chart 5.1: Median land price as a percentage of median house price vi BIS Shrapnel Pty Ltd 2009
6 Introduction The New House Market in Outer Sydney 1 INTRODUCTION BIS Shrapnel s study, Sydney House Study is a comprehensive study undertaken by BIS Shrapnel to determine the drivers and influences on the new house market in Sydney s outer suburban subdivisions, and the potential for recovery in a market that has been operating at consistently low levels 2003/04. New dwelling activity in the Sydney residential market has experienced a significant decline since peaking in 2001/02 at 31,900 dwellings. Other dwelling approvals declined by 47% between the 2002/03 peak of 20,200 and the low of 10,700 in 20006/07. At the same time, new house approvals deteriorated by 52% from a high of 13,200 in 2001/02, to 6,300 in 2005/06, and remained at this low level in subsequent years, being 6,700 in 2007/08. While the other dwelling market, which has a high presence of investors, weakened due to rental oversupply and weak rental returns, the detached house market did not experience an oversupply. Indeed, prices were driven up over the 2001 to 2004 period, due to a lack of supply of land for new houses. Lot production in Outer Sydney fell from 8,800 lots in 1999/2000, to around 4,000 lots by 2003/04. The shortage of supply caused median land prices in Sydney to almost double between June 2001 to June 2004, while new house prices increased by 50% over the same period. Lot production has since fallen to below 3,000 lots per annum since 2005/06, accommodating around half of the new houses approved. Furthermore, the number of new houses approved in Sydney in 2005/06 was the lowest level for around 50 years. While the deterioration of affordability appears to have triggered the decline, some recent correction in land prices still has not stimulated demand, with only a modest increase in new house activity into 2007/08. Furthermore, new initiatives (such as stamp duty exemption for first home buyers) since the downturn also did not significantly stimulated demand. With new house approvals having persistently remained at low levels since 2004/05, our study seeks to determine whether the decline in new house production has become a permanent fundamental change in the Sydney residential market, or whether new house construction on broadhectare lots can return to the levels of previous years once the supply side and affordability issues have been ironed out. This study aims to examine all aspects of the new house building market and demand for broadhectare land. The report enables subscribers to determine the reasons for the weakness in the housing market over the past few years, and the prospect for a recovery in demand. Issues that are covered include: Will the market recover or is there a permanent demographic or a sociological change that is behind the low levels of activity? Who are the purchasers now? Are there any first home buyers left buying new detached houses? Second and Subsequent Home Buyers? What is their impact on the new house market? Is there a market for empty nesters to trade down? Will this be a growing segment? What product are they looking for? BIS Shrapnel Pty Ltd
7 Introduction How is the cost barrier influencing demand? Are land costs too high? If so, is a decline in land prices required, and how far would they have to fall? Is the price differential between existing detached houses and house/land packages in the outer suburbs too large, discouraging demand for new houses? Will the recent reduction in infrastructure charges have any positive impact on demand? Is current product failing to adequately meet market requirements? Is the large house that doesn t offer the large block of land significantly less desirable than the traditional 600 square metre block? Has the small lot product on broadhectare subdivisions become so small that the land size doesn t offer an advantage over a typical townhouse/villa? Is new house product on the fringe not seen as a good investment compared to buying further in, even though it will cost more? Are the land supply issues permanent? Has land run out, or will it be too difficult to turn on land supply as quickly as required through an upturn? Has the supply of good land run out i.e. has a lack of infrastructure and distance/ commute from central Sydney meant that people do not want to live in new subdivisions on the suburban fringes regardless of price and product? What sort of infrastructure are purchasers looking for? 1.1 Methodology Data will be sourced from desktop research via the 2006 Census, and from specific qualitative and quantitative market research Census 2006 The best source of hard data to determine who has been the main market for new dwellings is the recently released 2006 Census of Population and Housing. While the Census does not distinguish between new dwellings and existing dwellings, a feel for households in new dwellings is achieved by focussing on: only new Collection Districts that have been created in the growth corridors between 2001 and 2006 which would imply areas where new dwellings have been built; and households in separate houses and who were living at a different address five years previous, implying new residents in houses. Further cross tabulations are mad to provide detailed breakdowns of household types, tenure, income, occupation, place of work, etc. 4 BIS Shrapnel Pty Ltd 2009
8 Introduction The New House Market in Outer Sydney Primary market research Specific market research has been undertaken at a number of levels and involving a mix of qualitative and quantitative research. The qualitative research explores households reasons for their dwelling choice, any barriers to purchase, and opinions on product type, location, infrastructure, etc. Questions for the quantitative research were drawn from the views gathered from the qualitative research and allow us to determine the magnitude of the issues raised regarding the new house market Qualitative research Face to face interviews A series of face to face interviews of potential purchasers was initially undertaken, to talk through what they are seeking in a new house. This includes any issues, constraints, and perceptions of the new housing market, as well as any positives and negatives. The interviews were undertaken over two weekends at the end of August 2008 and start of September 2008 at Home World display village, which allowed us direct access to those people who are looking to buy a new house. There were 29 interviews in total, with a mix of home seekers from the South West and North West sectors both covered. The results of the interviews are not included in this report, as they were done to highlight the issues facing purchasers in the new house market. The responses were then used to frame the other research in the study, including focus groups, questionnaire, and developer interviews. Focus groups The focus groups consisted of renters who were expecting to purchase a home for owner occupation within the next two years. Two groups were undertaken on 10 December 2008 one of renters in middle ring suburbs of western Sydney, and one of renters in the outer ring suburbs of western Sydney. The aim was to explore the issues they are facing in buying a new house. This may include both actual constraints, such as affordability, as well as any perceived negatives, such as location of new housing estates, types of houses being offered, services to these regions, etc. Developer interviews With the residential land developers and/or house builders operating at the coalface, our aim was to get their views on what is influencing the new house market, particularly from a production perspective, as well as a marketing perspective. Interviews were undertaken in the December 2008, and views were sought on development costs versus affordability, as well as the marketability of various product types and particular market niches Quantitative research Given that the volume of people spoken to in the qualitative research was insufficient to provide a sample size large enough to make definitive statements about the market for new houses, we also undertook a larger survey to quantify aspects of purchaser perceptions and determine how prevalent they are. The questionnaire for the survey was drawn from the findings of the qualitative research undertaken. BIS Shrapnel Pty Ltd
9 Introduction The survey consisted of two groups: Those who had purchased a dwelling to live in over the past two years ( recent buyers ); and Those who were intending to purchase a dwelling to live in over the next twelve months ( intenders ). The survey focussed on the outer Sydney growth areas and surrounds, as our Census analysis highlighted that the main market for new houses was in the surrounding area. The survey covered those who recently purchased or were looking to buy new houses and new other dwellings, as well as their established counterparts. In the case of established dwelling purchasers, the reasons why they did not/are not opting for a new house were also explored: A total of 646 respondents were surveyed, comprising 285 recent buyers (44%) and 361 intenders (56%). Recent buyers and intenders were split into three geographic regions: South West Sydney (257 responses 107 recent buyers, 150 intenders); North West Sydney (268 responses 108 recent buyers, 150 intenders); and the Central Coast (121 responses 60 recent buyers, 61 intenders). For the purposes of cost and efficiency, an internet survey was undertaken, with the survey going into the field in November As those who have recently purchased a home or are in the market to purchase comprise a small segment of the population, an internet survey was considered the most cost effective way to reach this population. In addition, respondents to internet surveys come from a volunteer panel, and they are consequently more likely to answer some of the more sensitive questions on price paid and income, than a random survey such as telephone survey. 1.2 Report outline The Executive Summary highlights the main findings of the Sydney House Study. Chapter 2, Demographics, covers the Census analysis and profiles the population that has recently moved into the new growth areas of outer Sydney. Chapter 3, Summary Results of Survey of Recent and Intending Home Buyers provides a broad overview of the results of our quantitative survey, highlighting the differences across regions of Sydney, household types, income, etc Chapter 4, The Dwelling Decision, undertakes a more detailed analysis of the survey, looking at the main issues for new home versus established home purchasers, reasons for buying/not buying new dwellings, etc. Chapter 5, Land Cost Issues, examines the prices paid for new dwellings versus established dwellings, as well as the economics of land development in terms of realisable land prices versus development costs. Chapter 6, Focus Groups, shows the results of our focus groups on renters, highlighting why they haven t purchased, and their though processes in looking for a dwelling to live in. Chapter 7, Developer Interviews, looks at the issues facing developers through the development process, including land acquisition, planning, construction and sale. This includes the current market conditions, development costs, realisable values, and the market for various products. 6 BIS Shrapnel Pty Ltd 2009
10 Introduction The New House Market in Outer Sydney 1.3 Geography In this report, we refer to the three Outer Sydney growth corridors, as originally defined within the New South Wales Metropolitan Strategy. These are as follows: North West Sydney Baulkham Hills, Blacktown, Blue Mountains, Hawkesbury, Penrith LGAs; South West Sydney Wollondilly, Camden, Campbelltown, Liverpool LGAs; and Central Coast Gosford and Wyong LGAs. These regions encompass the main greenfield release areas in Outer Sydney. BIS Shrapnel Pty Ltd
11 Will the new house market on broadhectare land in Outer Sydney ever recover back to previous peak levels? Subscription Form RESIDENTIAL PROPERTY Please send me the above report: Subscription $22,000 $ Total $ All prices quoted are inclusive of GST Mr/Mrs/Ms: Title: Company: Street address: (for courier) Postal address: Postcode: Phone: (0 ) Fax: (0 ) A cheque for $ is enclosed. Charge my Visa/Mastercard/Amex Card No. Amount $ Expiry date: Cardholder s Name: I confirm that these reports are for the internal use of my organisation and its branches or subsidiaries only, and will not be made available or copied for the benefit of other organisations. Signature: Date: Please fax to: BIS Shrapnel Pty Ltd or post to: BIS Shrapnel Pty Ltd Fax (02) Level 8, 181 Miller Street Tel (02) North Sydney NSW AUSTRALIA For further enquiries please contact: Angie Zigomanis on (03) or by (azigomanis@bis.com.au) at our Melbourne office.
RESIDENTIAL MARKET REVIEW
RESIDENTIAL MARKET REVIEW S E P T E M B E R Q U A R T E R 2 0 1 8 RPM REAL ESTATE GROUP IS VICTORIA S MOST SUCCESSFUL RESIDENTIAL DEVELOPMENT SALES, MARKETING AND ADVISORY AGENCY. WE SPECIALISE IN SALES
More informationDETACHED MULTI-UNIT APPROVALS
HIA New Home Sales DETACHED MULTI-UNIT APPROVALS SALES MULTI-UNIT DETACHED A monthly update on the sales of new homes December 217 TAX BURDEN TAKES TOLL ON New Home Sales during 217 Sales still post modest
More informationAHURI Research & Policy Bulletin
AHURI Research & Policy Bulletin Issue 88 July 2007 ISSN 1445-3428 Where do low-income private renters live? Low-income private renters are increasingly to be found in the middle and outer suburbs of Sydney,
More informationSpecial Report. Australia s Cheapest Suburbs with the Greatest Potential for Capital Growth. For more reports head to
Demand Supply Ratio Market Report Special Report Australia s Cheapest Suburbs with the Greatest Potential for Capital Growth Market: Australia Created by: hotspotcentral.com.au Contact: t: 1300 200 340
More informationNational Rental Affordability Scheme. Economic and Taxation Impact Study
National Rental Affordability Scheme Economic and Taxation Impact Study December 2013 This study was commissioned by NRAS Providers Ltd, a not-for-profit organisation representing NRAS Approved Participants
More informationLack of supporting evidence It is not accepted that there is evidence to support the requirement of Sec 56 (2) Housing Act 2004
DASH Services Response to Nottingham City Council s consultation on proposed designation for additional licensing under Section 56 of the Housing Act 2004 Introduction DASH Services operates the DASH Landlord
More informationLOT 30 TREEBY ROAD ANKETELL WA 6167
FREMANTLE LOT 30 TREEBY ROAD ANKETELL WA 6167 COCKBURN CITY SHOPPING PERTH CBD AUBIN GROVE TRAIN STATION PROPOSED DISTRICT SHOPPING CENTRE SATTERLEY'S HONEYWOOD DEVELOPMENT LOT 30 TREEBY ROAD PROPOSED
More informationEDITION 1 GEELONG REGIONAL CENTRE REVIEW GEELONG 2017 MARCH
2017 EDITION 1 GEELONG REGIONAL CENTRE REVIEW 2017 MARCH GEELONG GEELONG AT A GLANCE OVERVIEW MAJOR GOVERNMENT FUNDED PROJECTS National Disability Insurance Agency Headquarters / Department of Human Services
More informationUNDERSTANDING DEVELOPER S DECISION- MAKING IN THE REGION OF WATERLOO
UNDERSTANDING DEVELOPER S DECISION- MAKING IN THE REGION OF WATERLOO SUMMARY OF RESULTS J. Tran PURPOSE OF RESEARCH To analyze the behaviours and decision-making of developers in the Region of Waterloo
More informationBargara Property Factsheet
Bargara Property Factsheet 1st Half 2018 OVERVIEW Bargara* is located in the Bundaberg Region of south-east Queensland, approximately 384km north of Brisbane s CBD. Over the last 7 years the population
More informationResidential Commentary - Perth Apartment Market
Residential Commentary - Perth Apartment Market March 2016 Executive Summary The Greater Perth apartment market has attracted considerable interest from local and offshore developers. Projects under construction
More informationThe cost of increasing social and affordable housing supply in New South Wales
The cost of increasing social and affordable housing supply in New South Wales Prepared for Shelter NSW Date December 2014 Prepared by Emilio Ferrer 0412 2512 701 eferrer@sphere.com.au 1 Contents 1 Background
More informationLaying the Foundations
Laying the Foundations A Submission from the Community Housing Federation of Victoria Thank you for the opportunity to input into this important exercise in setting the objectives and identifying the needs
More informationHOUSING AFFORDABILITY
HOUSING AFFORDABILITY (RENTAL) 2016 A study for the Perth metropolitan area Research and analysis conducted by: In association with industry experts: And supported by: Contents 1. Introduction...3 2. Executive
More informationAustralian home size hits 22-year low
Australian home size hits 22-year low CommSec Home Size Trends Report Economics November 16 2018 The average floor size of an Australian home (houses and apartments) has fallen to a 22-year low. Data commissioned
More informationHOUSING AFFORDABILITY
HOUSING AFFORDABILITY 2016 A study for the Perth metropolitan area Research and analysis conducted by: In association with industry experts: And supported by: Contents 1. Introduction...3 2. Executive
More informationHousing as an Investment Greater Toronto Area
Housing as an Investment Greater Toronto Area Completed by: Will Dunning Inc. For: Trinity Diversified North America Limited February 2009 Housing as an Investment Greater Toronto Area Overview We are
More informationProperty Report NSW / ACT
Property Report NSW / ACT National overview Today s climate of low interest rates coupled with property values that in some regions have fallen by 10% over the past 18 months, are giving first home buyers
More informationSouth Australia Department of Treasury and Finance
to the South Australia Department of Treasury and Finance on the State Tax Review 13 April 2015 Foreword...3 1. Executive Summary...4 2. Economic and housing backdrop in South Australia...4 3. Taxation
More informationIngleburn Property Factsheet
Ingleburn Property Factsheet 1st Half 2018 OVERVIEW Ingleburn is a suburb situated approx. 44 kilometres from the Sydney CBD. This small hub is an ideal location for families and professionals due to its
More informationLAND MONITOR REPORT
2016-2017 LAND MONITOR REPORT Wagga Wagga Land Monitor Report 2016-2017 Contents Introduction 3 Housing Industry Association Wagga Branch 3 Definitions 4 Accuracy & Data Interpretation 5 Disclaimer 5 Opteon
More informationCity Futures Research Centre
Built Environment City Futures Research Centre Estimating need and costs of social and affordable housing delivery Dr Laurence Troy, Dr Ryan van den Nouwelant & Prof Bill Randolph March 2019 Estimating
More informationCreswick Property Factsheet
Creswick Property Factsheet 1st Half 2018 OVERVIEW Creswick, located 129km north west of Melbourne is 430m above sea level. A population of 3,170 was recorded in the 2016 ABS census. The area provides
More informationA Study of Experiment in Architecture with Reference to Personalised Houses
6 th International Conference on Structural Engineering and Construction Management 2015, Kandy, Sri Lanka, 11 th -13 th December 2015 SECM/15/001 A Study of Experiment in Architecture with Reference to
More informationResearch report Tenancy sustainment in Scotland
Research report Tenancy sustainment in Scotland From the Shelter policy library October 2009 www.shelter.org.uk 2009 Shelter. All rights reserved. This document is only for your personal, non-commercial
More informationToowoomba Property Factsheet
Toowoomba Property Factsheet 1st Half 2018 OVERVIEW Located 125 kilometres west of Brisbane s CBD, Toowoomba is the main urban centre for the Toowoomba Regional area. In 2016 the labour force (59.6%) was
More informationREAL ESTATE MARKET OVERVIEW 1 st Half of 2015
REAL ESTATE MARKET OVERVIEW 1 st Half of 2015 With Comparisons to the 2 nd Half of 2014 September 4, 2015 Prepared for: First Bank of Wyoming Prepared by: Ken Markert, AICP MMI Planning 2319 Davidson Ave.
More informationCity of Regina Underutilized Land Study External Stakeholder Report
City of Regina Underutilized Land Study External Stakeholder Report March 2018 Developed by: Introduction The City of Regina has undertaken an Underutilized Land Study. This study investigated potential
More informationNo place to live. A UNISON survey report into the impact of housing costs on London s public service workers
No place to live A UNISON survey report into the impact of housing costs on London s public service workers 1 FOREWORD Public services are critical to the London economy. Good transport and housing, quality
More informationHousing renewal and the Compact City: The social implications of a planning orthodoxy
Housing renewal and the Compact City: The social implications of a planning orthodoxy Planning for Australia's Major Cities Seminar, 30th May 2006, Museum of Sydney Bill Randolph City Futures Research
More information2012 Profile of Home Buyers and Sellers Texas Report
2012 Profile of Home and Sellers Report Prepared for: Association of REALTORS Prepared by: NATIONAL ASSOCIATION OF REALTORS Research Division December 2012 2012 Profile of Home and Sellers Report Table
More information2012 Profile of Home Buyers and Sellers New Jersey Report
Prepared for: New Jersey Association of REALTORS Prepared by: Research Division December 2012 Table of Contents Introduction... 2 Highlights... 4 Conclusion... 7 Report Prepared by: Jessica Lautz 202-383-1155
More informationThe Profile for Residential Building Approvals by Type and Geography
The Profile for Residential Building Approvals by Type and Geography Key Points: ABS Building Approvals for Australia peaked back in October 2015. As we have frequently highlighted, approvals have subsequently
More informationSydney Apartment Market Indicators - November 2015
Sydney Apartment Market Indicators November 2015 Executive Summary As many as 61,000 new units* will complete between 2015 2017, compared to 44,500 completions between 2012 2014**. JLL adjusts supply numbers
More informationSpecial Property Hotspot Report
Special Property Hotspot Report Australia s Cheapest Suburbs with the Greatest Potential for Capital Growth for 2015 Market: Australia Created by: hotspotcentral.com.au Contact: t: 1300 200 340 For more
More informationUDIA WA DEVELOPMENT JUNE 2018
UDIA WA DEVELOPMENT JUNE 218 UDIA (WA) The UDIA provides market research and in-depth analysis of the urban development industry and property market. To download this report and other UDIA research visit
More informationNew Hampshire Report. Prepared for: New Hampshire Association of REALTORS. Prepared by: NATIONAL ASSOCIATION OF REALTORS.
New Hampshire Report Prepared for: New Hampshire Association of REALTORS Prepared by: Research Division January 2016 New Hampshire Report Table of Contents Introduction... 2 Highlights... 3 Methodology..8
More informationCharlotte Report. Prepared for: Greater Regional Charlotte Association of REALTORS. Prepared by: NATIONAL ASSOCIATION OF REALTORS.
Charlotte Report Prepared for: Greater Regional Charlotte Association of REALTORS Prepared by: Research Division January 2016 Charlotte Report Table of Contents Introduction... 2 Highlights... 3 Methodology..8
More informationInvestigating Rates Mechanisms (IRM): Project Findings and Action Plan
Investigating Rates Mechanisms (IRM): Project Findings and Action Plan Report prepared by: Rob Law: Program Manager, Northern Alliance for Greenhouse Action & Jason Cox: Program Coordinator, Moreland Energy
More informationSubmission July 2014 Response to the City of Cockburn Draft Housing Affordability and Diversity Strategy
Submission July 2014 Response to the City of Cockburn Draft Housing Affordability and Diversity Strategy Chantal Roberts Organisation Email Executive Officer Shelter WA eo@shelterwa.org.au About Shelter
More informationAustralian home size hits 20-year low
Australian home size hits 20-year low CommSec Home Size Trends Report Economics November 17 2017 The average floor size of an Australian home (houses and apartments) has fallen to a 20-year low. Data commissioned
More informationACQUISITION & CONSTRUCTION LOANS. Helping you build a strong business foundation
ACQUISITION & CONSTRUCTION LOANS Helping you build a strong business foundation Attention builders, developers and property promoters ü Do you want to grow your business without stressing your balance
More informationSpecial Report. Australia s Cheapest Suburbs with the Greatest Potential for Capital Growth. For more reports head to
Special Report Australia s Cheapest Suburbs with the Greatest Potential for Capital Growth Market: Australia Compilation date: May 2013 Created by: Redwerks Pty Ltd Contact: 1300 200 340 For more reports
More informationAction P12: Develop a South West Priority Growth Area land use and infrastructure plan
31 March 2017 Sheridan Dudley South West District Commissioner Greater Sydney Commission PO Box 257 Parramatta NSW 2124 Dear Sheridan, Re: SUBMISSION TO DRAFT SYDNEY SOUTH WEST DISTRICT PLAN MacroPlan
More informationAddressing the Impact of Housing for Virginia s Economy
Addressing the Impact of Housing for Virginia s Economy A REPORT FOR VIRGINIA S HOUSING POLICY ADVISORY COUNCIL NOVEMBER 2017 Appendix Report 2: Housing the Commonwealth's Future Workforce 2014-2024 Jeannette
More information2015 Profile of Home Buyers and Sellers New York Report
2015 Profile of Home and Sellers Report Prepared for: Association of REALTORS Prepared by: NATIONAL ASSOCIATION OF REALTORS Research Division January 2016 2015 Profile of Home and Sellers NATIONAL ASSOCIATION
More informationAppendix 1: Gisborne District Quarterly Market Indicators Report April National Policy Statement on Urban Development Capacity
Appendix 1: Gisborne District Quarterly Market Indicators Report April 2018 National Policy Statement on Urban Development Capacity Quarterly Market Indicators Report April 2018 1 Executive Summary This
More informationA Window Into the World of Condo Investors
April 06, 2018 A Window Into the World of Condo by Shaun Hildebrand and Benjamin Tal (CIBC*) If you want to understand the GTA housing market, you have to get into the heads of condo investors. While the
More informationResidential New Construction Attitude and Awareness Baseline Study
Residential New Construction Attitude and Awareness Baseline Study Real Estate Agent Survey Report on Findings Prepared for the New Jersey Residential New Construction Working Group December 2000 Roper
More informationDomain.com.au House Price Report December Quarter 2015
Domain.com.au House Price Report December Quarter 2015 Dr Andrew Wilson Senior Economist for Domain.com.au Key findings Record drop in Sydney median house prices over the December quarter Melbourne and
More informationResidential Commentary Sydney Apartment Market
Residential Commentary Sydney Apartment Market April 2017 Executive Summary Sydney Apartment Market: Key Indicators 14,200 units are currently under construction in Inner Sydney with completion expected
More informationResidential New Construction Attitude and Awareness Baseline Study
Residential New Construction Attitude and Awareness Baseline Study Real Estate Appraiser Survey Report on Findings Prepared for the New Jersey Residential New Construction Working Group January 2001 Roper
More informationHousing affordability in Australia
Housing affordability in Australia Evidence, implications, approaches University of Auckland Dr Ian Winter, Executive Director Australian Housing and Urban Research Institute July 2013 Key message Analysis
More informationCONSUMER CONFIDENCE AND REAL ESTATE MARKET PERFORMANCE GO HAND-IN-HAND
CONSUMER CONFIDENCE AND REAL ESTATE MARKET PERFORMANCE GO HAND-IN-HAND The job market, mortgage interest rates and the migration balance are often considered to be the main determinants of real estate
More informationHunter Valley Property Factsheet
Hunter Valley Property Factsheet 1st Half 2018 *IMAGE* 6.5cm HIGH 10.6cm WIDE OVERVIEW The Hunter Valley is 2 hours north of Sydney and is also just 40 minutes from Newcastle. The region is well-known
More information2012 Profile of Home Buyers and Sellers Florida Report
2012 Profile of Home and Sellers Report Prepared for: REALTORS Prepared by: NATIONAL ASSOCIATION OF REALTORS Research Division December 2012 2012 Profile of Home and Sellers Report Table of Contents Introduction...
More informationMultifamily Housing Study Sponsored by
WHERE DATA DRIVES ACTION Multifamily Housing Study Sponsored by KEY FINDINGS ANTICIPATED GROWTH, OWN VS RENT SENTIMENT Most respondents anticipate the multifamily housing market to grow over the next 3-5
More informationCONSULTATION STATEMENT
October 2016 LB BIR.4109 BLOOR HOMES CONSULTATION STATEMENT Tanworth Lane, Cheswick Green PHASES 2 & 2A TOWN & COUNTRY PLANNING ACT 1990 (AS AMENDED) PLANNING AND COMPULSORY PURCHASE ACT 2004 Pegasus Group
More information2013 Profile of Home Buyers and Sellers Texas Report
2013 Profile of Home Buyers and Sellers Report Prepared for: Association of REALTORS Prepared by: NATIONAL ASSOCIATION OF REALTORS Research Division December 2013 2013 Profile of Home Buyers and Sellers
More informationFlorida Report. Prepared for: Florida REALTORS. Prepared by: NATIONAL ASSOCIATION OF REALTORS. Research Division. January 2016
2015 Profile of Home and Sellers Report Prepared for: REALTORS Prepared by: NATIONAL ASSOCIATION OF REALTORS Research Division January 2016 2015 Profile of Home and Sellers NATIONAL ASSOCIATION OF REALTORS
More information2018 Profile of Home Buyers and Sellers
Massachusetts Report Prepared for: Massachusetts Association of REALTORS Prepared by: Research Division December 2018 Massachusetts Report Table of Contents Introduction... 2 Highlights... 4 Methodology...
More informationEstimating National Levels of Home Improvement and Repair Spending by Rental Property Owners
Joint Center for Housing Studies Harvard University Estimating National Levels of Home Improvement and Repair Spending by Rental Property Owners Abbe Will October 2010 N10-2 2010 by Abbe Will. All rights
More informationBRISBANE HOUSING MARKET STUDY
BRISBANE HOUSING MARKET 2018 STUDY Executive Summary Brisbane s residential market, especially the detached houses segment has risen steadily over the last year due to the rise in population, falling unemployment
More informationDetroit Inclusionary Housing Plan & Market Study Preliminary Inclusionary Housing Feasibility Study Executive Summary August, 2016
Detroit Inclusionary Housing Plan & Market Study Preliminary Inclusionary Housing Feasibility Study Executive Summary August, 2016 Inclusionary Housing Plan & Market Study Objectives 1 Evaluate the citywide
More informationJanuary 22 to 25, Auckland, New Zealand. Residential sales by auction: A property type or geographic consideration
12 th Pacific Rim Real Estate Society Conference January 22 to 25, 2005 Auckland, New Zealand Residential sales by auction: A property type or geographic consideration Dr Chris Eves, University Western
More informationR E Q U E S T F O R P R O P O S A L S
P.O. Box 3209, Houghton, 2041 Block A, Riviera Office Park, 6-10 Riviera Road, Riviera R E Q U E S T F O R P R O P O S A L S M A R K E T S U R V E Y T O I N F O R M R E S I D E N T I A L H O U S I N G
More informationHousing market report
Capital city market report Prepared September Dr Andrew Wilson, Senior Economist Australian Property Monitors No sign of winter pause as housing markets gather strength into spring National overview Buyer
More informationRESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES
RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES Sep-16 Mar-17 Mar-17 Jun-17 Sep-16 Mar-17 The official cash rate target remained at 1.5 on 6 June 2017. Domestic
More informationAdequacy of car parking policies for flats, units and apartments in the Sydney region
Australasian Transport Research Forum 2010 Proceedings 29 September 1 October 2010, Canberra, Australia Publication website: http://www.patrec.org/atrf.aspx Adequacy of car parking policies for flats,
More informationRecent Home Buyer and Seller Profiles. November 3, 2017 National Association of REALTORS Research Division
Recent Buyer and Seller Profiles November 3, 2017 National Association of REALTORS Research Division Methodology In July 2017, NAR mailed out a 131-question survey using a random sample weighted to be
More informationTasmania Property Report October 2015
Tasmania Property Report National Overview Media headlines regularly focus on the challenges first home buyers face finding affordable property, and yes, in many state capitals residential property is
More informationSuburb Profile Report. Paddington, 2021 NSW
Suburb Profile Report Paddington, 2021 NSW October 2018 About Sound Property Group Sound Property Group is a property investment and education company specialised in sourcing strategic real estate opportunities,
More informationHousing Costs and Policies
Housing Costs and Policies Presentation to Economic Society of Australia NSW Branch 19 May 2016 Peter Abelson Applied Economics Context and Acknowledgements Applied Economics P/L was commissioned by NSW
More information2017 Profile of Home Buyers and Sellers
New Jersey Report Prepared for: New Jersey REALTORS Prepared by: Research Division December 2017 New Jersey Report Table of Contents Introduction... 2 Highlights... 4 Methodology... 8 Report Prepared by:
More informationExploring Shared Ownership Markets outside London and the South East
Exploring Shared Ownership Markets outside London and the South East Executive Summary (January 2019) Shared ownership homes are found in all English regions but are geographically concentrated in London
More informationHOUSING AFFORDABILITY Land supply and new housing in Western Australia
BANKWEST CURTIN ECONOMICS CENTRE HOUSING AFFORDABILITY Land supply and new housing in Western Australia Greg Costello, Kenneth Leong and Steven Rowley BCEC Research Report No. 12/18 March 2018 About the
More informationBLP PRESENTATION TO THE MACQUARIE PROPERTY CONFERENCE
ASX Release 20 September 2007 BLP PRESENTATION TO THE MACQUARIE PROPERTY CONFERENCE Please find following the Babcock & Brown Residential Land Partners (ASX: BLP) presentation to the Macquarie Property
More informationSydney. Affordable & Liveable Property Guide
Sydney Affordable & Liveable Property Guide 1st Half 2018 SYDNEY AFFORDABLE & LIVEABLE PROPERTY GUIDE 1 st HALF 2018 METHODOLOGY This guide analyses all suburbs within the greater Sydney area. The suburbs
More informationARLA Survey of Residential Investment Landlords
Prepared for The Association of Residential Letting Agents & the ARLA Group of Buy to Let Mortgage Lenders ARLA Survey of Residential Investment Landlords March 2010 Prepared by O M Carey Jones 5 Henshaw
More informationResearch. A Capital Value production. An analysis of the Dutch residential (investment) market 2017
Research A Capital Value production An analysis of the Dutch residential (investment) market 2017 Summary In 2016, the development of the housing market was turbulent. Key events included a historic residential
More informationREPORT - RIBA Student Destinations Survey 2013
REPORT - RIBA Student Destinations Survey 2013 Introduction The RIBA Student Destinations Survey is a partnership project between the RIBA and the University of Sheffield. It is a study to be delivered
More informationTrends in Affordable Home Ownership in Calgary
Trends in Affordable Home Ownership in Calgary 2006 July www.calgary.ca Call 3-1-1 PUBLISHING INFORMATION TITLE: AUTHOR: STATUS: TRENDS IN AFFORDABLE HOME OWNERSHIP CORPORATE ECONOMICS FINAL PRINTING DATE:
More informationMONTGOMERY COUNTY RENTAL HOUSING STUDY. NEIGHBORHOOD ASSESSMENT June 2016
MONTGOMERY COUNTY RENTAL HOUSING STUDY NEIGHBORHOOD ASSESSMENT June 2016 AGENDA Model Neighborhood Presentation Neighborhood Discussion Timeline Discussion Next Steps 2 WORK COMPLETED Socioeconomic Analysis
More informationProperty Report. South Australia
Property Report National overview Today s climate of low interest rates coupled with property values that in some regions have fallen by 10% over the past 18 months, are giving first home buyers and entry
More informationLANDLORDS CAUTIOUS AHEAD OF TAX CHANGES
FEBRUARY 2017 Q4 2016 LANDLORDS CAUTIOUS AHEAD OF TAX CHANGES Despite turbulence in the Private Rented Sector (PRS) dating back to the Government s 2015 Summer Budget, Paragon Mortgages latest PRS Trends
More informationHousing market report
Australian capital cities and Gold Coast residential property market ruary Prepared by Australian Property Monitors The housing market is up and running in with increased buyer activity and seller confidence.
More information2014 Profile of Home Buyers and Sellers Texas Report
2014 Profile of Home Buyers and Sellers Report Prepared for: Association of REALTORS Prepared by: NATIONAL ASSOCIATION OF REALTORS Research Division December 2014 2014 Profile of Home Buyers and Sellers
More informationCompass Housing Services Submission to Central Coast Council Draft Affordable and Alternative Housing Strategy
Compass Housing Services Submission to Central Coast Council Draft Affordable and Alternative Housing Strategy Compass Housing Services (Compass) would like to congratulate Central Coast Council for its
More informationBriefing Book. State of the Housing Market Update San Francisco Mayor s Office of Housing and Community Development
Briefing Book State of the Housing Market Update 2014 San Francisco Mayor s Office of Housing and Community Development August 2014 Table of Contents Project Background 2 Household Income Background and
More informationWarrington Housing Association. Author WHA Scrutiny Panel July Service Review Relet Standards. Relet Standards
Warrington Housing Association Author WHA Scrutiny Panel July 2012 Service Review Relet Standards Relet Standards Warrington Housing Association Scrutiny Panel report on Relet Standards Lead Contact: Available
More informationDETACHED MULTI-UNIT APPROVALS
HIA New Home Sales DETACHED MULTI-UNIT APPROVALS SALES MULTI-UNIT DETACHED A monthly update on the sales of new homes September 214 MULTI-UNIT SALES REACH New Cyclical Peak The HIA New Home Sales Report
More information6 April 2018 KEY POINTS
6 April 2018 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THULANI LUVUNO: STATISTICIAN 087-730 2254 thulani.luvuno@fnb.co.za
More informationHousing Costs and Policies
Housing Costs and Policies With Special Reference to Sydney Prepared for NSW Treasury May 2016 1 Contents Preface... 4 Executive Summary... 5 1 Introduction... 13 2 The Sydney Housing Market... 16 2.1
More informationRENTAL AFFORDABILITY INDEX KEY FINDINGS
NOVEMBER 2018 RELEASE RENTAL AFFORDABILITY INDEX KEY FINDINGS SGS Economics and Planning has taken all due care in the preparation of this report. However, SGS and its associated consultants are not liable
More informationAffordable Homes Service Plan 2016/17 and 2017/18
Report To: Housing Portfolio Holder 15 March 2017 Lead Officer: Director of Housing Purpose Affordable Homes Service Plan 2016/17 and 2017/18 1. To provide the Housing Portfolio Holder with an update on
More informationAlexandria Property Factsheet
Alexandria Property Factsheet 1st Half 2018 OVERVIEW Alexandria is an inner-eastern Sydney suburb located approx. 4km south of the Sydney CBD. Formerly recognised as an industrial suburb, it is now growing
More informationSnapshot Adelaide Apartment Market
Snapshot Adelaide Apartment Market December 215 Executive Summary Our View The Adelaide apartment market is undergoing considerable growth, particularly in the CBD where around 4 apartments will complete
More informationREPORT - RIBA Student Destinations Survey 2014
REPORT - RIBA Student Destinations Survey 2014 There needs to be a stronger and more direct link between the architectural profession and the study of it as a subject at university. It is a profession
More informationAUSTRALIAN HOUSING: HIPSTER BREAKFAST CHOICES OR A NATION OF SPECULATING SPIVS? Housing is a human right
AUSTRALIAN HOUSING: HIPSTER BREAKFAST CHOICES OR A NATION OF SPECULATING SPIVS? A SERIES OF QUESTIONS Is Australia in a housing bubble that will inevitably burst? What drives housing inflation in Australia?
More informationVictoria Property Report October 2015
Victoria Property Report National Overview Media headlines regularly focus on the challenges first home buyers face finding affordable property, and yes, in many state capitals residential property is
More information