Housagon

Is an Over Supply of New Homes on the Horizon? Is an Over Supply of New Homes on the Horizon? Seeing a lot of new home builder ads lately? You're not alone. Many people are experiencing a surge in these ads on social media, leading to concerns about a potential oversupply of housing. Let's delve into the data and separate fact from fiction. Analyzing the Numbers: Population Growth vs. Rental Supply Looking at nearly 15 years of data (courtesy of Propertyology, SQM, and ABS), a clear picture emerges. Population growth has seen a substantial increase, with the nation adding approximately 6 million people. This represents a significant demand driver for housing. However, the crucial factor is the trend in rental supply. After a period of oversupply around 2010-2011, which led to higher vacancy rates (around 4%), the trend has shifted dramatically. Rental supply has seen a concerning decline. ...

Navigating the Commercial Property Market: Insights and Analysis Navigating the Commercial Property Market: Insights and Analysis The commercial property market is a dynamic landscape, constantly evolving with shifts in economic trends, technological advancements, and societal preferences. One key factor influencing this market currently is the changing work environment. With the initial surge in remote work now being countered by efforts to bring employees back to the office, the demand for commercial spaces is in flux, creating a highly competitive market. Challenges and Opportunities in Commercial Real Estate A primary concern for investors in commercial property is the comparatively slower capital growth compared to the residential sector. While residential properties have seen significant appreciation in recent years, commercial properties often lag behind. Another factor to consider is the nature of commercial leases. Tena...