July 12 - maryannebirch.com.au … · 141 Riding Rd Hawthorne Q 4171 Ph: 07 3899 1888 Fax: 07 3395...
Transcript of July 12 - maryannebirch.com.au … · 141 Riding Rd Hawthorne Q 4171 Ph: 07 3899 1888 Fax: 07 3395...
Suburbs
Flats Houses
1 bed 2 bed 2 bed 3 bed 4 bed
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Balmoral 320 405 340 360 390 385 370 385 390 440 440 475 760 885 890 Bulimba 320 405 340 360 390 385 370 382 390 440 440 475 760 885 890 Cannon Hill 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Camp Hill 220 230 230 330 350 350 325 400 385 410 420 420 510 530 570 Coorparoo 245 260 260 330 340 350 350 360 360 400 425 450 430 540 600 East Brisbane 310 310 325 430 440 470 355 385 415 450 495 495 545 660 650 Greenslopes 240 260 275 315 320 350 335 370 400 400 400 430 490 N/A 540 Hawthorne 320 405 340 360 390 385 370 385 390 440 440 475 760 885 890 Morningside 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Murarrie N/A N/A N/A N/A N/A N/A N/A N/A N/A 365 395 420 450 570 580 Norman Park 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Tingalpa N/A N/A 213 285 290 290 N/A 290 N/A 365 385 415 430 430 455 Woolloongabba 220 210 275 380 440 420 375 430 370 380 450 450 550 440 690 Wynnum 200 205 220 300 310 310 320 330 350 380 375 390 500 470 505
June 2012
PROPERTY MANAGEMENT
NEWS
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It has been relatively quiet on the Sales front this month, inspite of the fact that we currently have a well stocked book of fairly priced listings. First home buyers are out and about in the market place, but they are difficult to pin down, and very price aware. Investors are
In preparation for tax time, the ATO has put together some tips to help investment property owners correctly claim rental property deductions this year. Here are some tips to avoid a follow up from the ATO. Click on the link.
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around too, but many are submitting low offers, and are willing to walk if their price is not met. Another interest rate drop would certainly help boost confidence, but we may have to wait until later in the year for this.
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The RTA June quarter median rents report has now been released, with no real surprises. We have compiled a condensed version including some of our main areas, which shows the 2010 – 2012 year on year comparisons. With the exception of a couple of glaring spikes in particular categories (these are usually caused by a bulk supply of newly released stock within a suburb which skews the local area trend) there is a consistant thread
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showing an approximate 10% increase in rental values across all categories since 2010.
We consider these factors when we review and make recommendations for rent adjustments on our management properties. We also use these statistics to help tenants understand that their rent increases are representative of fair market value. See the attached link for full report. RTA Median Rents.
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141 Riding Rd Hawthorne Q 4171 Ph: 07 3899 1888 Fax: 07 3395 7246 www.maryannebirch.com.au [email protected]
Another Glorious Insult from the Past:
"He has never been known to use a word
that might send a reader to the dictionary.
"William Faulkner about Ernest Hemingway
Expect to profit on this 3 bedroom ripper!! Located in a quiet cul de sac, just a little TLC will reap rich rewards. Fairly standard in the general layout but big points of difference are the big private yard with a 6’ fence, oversized double garage, and quality surrounding homes, meaning anything you do here is a big value add at this bargain entry price.
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There was a great deal of speculation before the release of the 2011 Census that the average household size would actually rise across Australia due to the population growing at a faster rate than dwelling construction. The logic was that we might start to see more families under one roof as families look for ways to cope with housing affordability, kids were staying at home longer with mum and dad and the birth rate was on the rise. The results came as a bit of a surprise; the average household size remained steady at 2.6 persons per dwelling; the same average as what was recorded in 2006 and in 2001.
Looking at the data, it is clear that several factors have provided some counterbalance that has kept the household size steady.
Firstly, the rise in couple families without children (+20.3% between 2001 and 2011), one parent families (+16.8% between 2001 and 2011), lone person households (+16.9% between 2001 and 2011) well and truly grew at a faster pace than couple family with children households (+8.7% between 2001 and 2011).
Another reason for the steady
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average household number can be attributed to the rise in one and two person dwellings. Between the 2001 Census and 2011 Census one person dwelling have increased in number by 16.9% and two person dwellings have increased by 17.5%. In contrast, households with three persons occupying the dwelling have increased by a smaller 13.8% and four person dwellings have increased by 12.9%.
Inherently, most of the suburbs with a large average household size show a predominance of detached dwellings as opposed to units or semi-‐detached homes which tend to be smaller and have fewer bedrooms. Once again, no surprises that these areas are also predominantly occupied by families with kids.
What came as somewhat of a surprise was the fact that overseas migrants don’t seem to play as large a role as previously thought in pushing average household sizes upwards. There was some speculation that the surge in overseas migrants may be another factor pushing household sizes higher under the false logic that many migrant families have larger families...
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From city to city the average household size trends vary slightly. It is interesting to note that the most affordable capital cities (Hobart and Adelaide) appear to have smaller household sizes than the larger capital cites (Hobart and Adelaide both show an average household size of 2.4 persons, the lowest of any capital city). It stands to reason that lower home prices in these cities aren’t driving more people to live under one roof.
Potentially the 2011 Census marks a turning point for household composition in Australia. Although we are likely to see kids staying at home for longer and potentially more persons under one roof in an effort combat housing affordability, in the same sense we are likely to continue to see more lone person households and couples without kids that will drag the average down as well. More families are choosing to live in units and townhomes, once again in an effort to find more affordable housing but also with the aim of living closer to where they work and play.
Will the average household size rise over the coming year? We might need to wait until the 2016 Census is delivered to find out.
Budget: A mathematical confirmation of your
suspicions – AA Latimer
The really frightening thing about being middle
aged is the knowledge that you’ll grow out of it.
Doris Day