Property Pod / Propertyology

Tassie Real Estate On Top of the World

1. Capital growth rates over 20-years ending December 2020
    
   • Sydney             6.6% 
2. 
   
   • Brisbane           6.8%
3.  
   • Melbourne       7.3%
4.  
   • Burnie              7.3%
5.  
   • Launceston       7.9%
6.  
   • Hobart 8.3%
7.  
8. Australian real estate is currently booming. But the biggest ever boom occurred during 5-years ending 2005
    
   • 128 out of 183 = 100%+
9.  
   • Sydney             57%
10.  
    • Melbourne       67%
11.  
    • Brisbane           118%
12.  
    • Burnie              121% 
13. 
    
    • Launceston       143% 
14. 
    
    • Hobart              147%
15.  
16. Population growth over last 5-years, compared to capital growth 
    • Brisbane           10.5% / 12%
    • Sydney             8.7% / 15%
    • Melbourne       12.1% / 21%
    • Burnie              1.1% / 30%
    • Launceston       3% / 40%
    • Hobart              7.3% / 48%
17. Australia’s biggest cities have increased their living style density. Construction of new houses vs apartments over last 10-years
     
    • Canberra          72%
18.  
    • Sydney             66%
19.  
    • Melb, Bris, Darwin 50%
20.  
    • Hobart              17%
21.  
    • Launceston       28%
22.  

5.     Financial performance (capital growth) of houses versus apartments over last 10-years

• Syd                   80% / 67%
• Canb                 32% / 6%
• Melb                48% / 28%
• Bris                   19% / 1%
• Hobart              47% / 44%
• Launceston       40% / 30%
• Wangaratta houses did better than Sydney apartments

6.     Australians are increasingly attracted to regional living, as opposed to capital cities

• AUS capitals had a combined population DECLINE of 133,905 over 5-years ending Sept 2020
• Tassie internal migration over last financial years
   
  • Clarence 2074
•  
  • Sorrel 1269
•  
  • Huon Valley 1071
•  
  • Latrobe 1050
•  
  • ** Hobart CC -1076
•  
  • ** Glenorchy -734
•  
  • ** Launceston-1029
•  

1. Australian real estate has a significant problem. Considerable bureaucracy over the last 5-years has created a widespread mobility crisis and a rental crisis. Here’s a snapshot of the last 5-years:
    
   • Population                    +1.85 million
2.  
   • Dwellings                      +958k
3.  
   • RE transactions             -17% (521k pa - 432k pa)
4.  

1. Volume of dwellings listed for sale over last 5-years:
    
   • AUS                  -27%
2.  
   • Syd                   +4%
3.  
   • Melb                +5%
4.  
   • Bris                   -14%
5.  
   • Hobart              -59%
6.  
   • Launceston       -57%
7.  
   • Burnie              -68%
8.  
9. Rental vacancy change over last 5-years:
    
   • 136 of 150 AUST largest towns vacancy rate <1.5%
10.  
    • Feb2016 - Feb2021
       
      • AUS 
    • 
      
      • Syd       9.5k to 24.8k dwellings (vacancy rate from 1.5% to 3.3%)
    •  
      • Mel      9.7k to 27.8k dwellings (1.9% to 4.5%)
    •  
      • Hob      239 to 194 dwellings (0.9% to 0.6%)
    •  
      • Laun     314 to 146 dwellings (1.9% to 0.8%)
    •  
      • Burnie 198 to 17 dwellings (1.8% to 0.1%)
    •  
11. 
    
12. Job advertisements (since Feb2020)
     
    • Total capitals    +9.7%
13.  
    • Total regions     +72.4%
14.  
    • Sydney             -3%
15.  
    • Melbourne       +2%
16.  
    • Brisbane           +23%
17.  
    • Hobart              +54%
18.  
    • Launceston       +76%
19.  
    • Burnie              +73%
20.