{"id":21956,"date":"2018-08-08T01:00:46","date_gmt":"2018-08-07T15:00:46","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=21956"},"modified":"2018-08-08T01:00:46","modified_gmt":"2018-08-07T15:00:46","slug":"double-digit-growth-suburbs-simon-pressley","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/","title":{"rendered":"Double-digit growth suburbs \u2013 Simon Pressley"},"content":{"rendered":"

You\u2019d be excused for thinking that the property market in Australia is all doom and gloom. We\u2019re hearing about reductions in price, the Sydney market falling and so on, but you\u2019re going to be really surprised to hear a report that we\u2019ll be talking about that reveals double-digit price growth has been produced in one in every eight locations across Australia. You heard right: one in every eight locations.\u00a0 Simon Pressley<\/strong> has that story.<\/p>\n

Transcript:<\/strong><\/p>\n

Kevin:<\/strong>\u00a0 You\u2019d be excused for thinking that the property market in Australia is all doom and gloom. We\u2019re hearing about reductions in price, the Sydney market falling, and so on, but you\u2019re going to be really surprised to hear a report that we\u2019ll be talking about in this interview that\u2019s come out that reveals that double-digit price growth has been produced in one in every eight locations across Australia. You heard right: one in every eight locations.<\/p>\n

This is not a great surprise to the people who put the research together. One of our supporters and people we feature regularly in this show because they know what they\u2019re talking about, Propertylogy\u2019s Simon Pressley joins me.<\/p>\n

G\u2019day, Simon.<\/p>\n

Simon:<\/strong>\u00a0 G\u2019day, Kevin. Always good to chat.<\/p>\n

Kevin:<\/strong>\u00a0 In your chat with me before this interview, you mentioned that it\u2019s not really a surprise to you because you are focused very much on this ongoing, aren\u2019t you?<\/p>\n

Simon:<\/strong>\u00a0 Yes. In any calendar year really, the official data today, one in eight locations across Australia, double-digit price growth as we said, but that\u2019s probably lower than normal, in all honesty.<\/p>\n

But why we\u2019re sharing this data is because I think so much of the broader property media hovers around whatever is happening in Sydney or Melbourne at any given time, good or bad, and because our two big cities, their growth cycles are now behind us. I think a lot of the Australian public thinks that is a reflection of what\u2019s happening right across the country, but it\u2019s definitely not.<\/p>\n

Kevin:<\/strong>\u00a0 Is this largely in regional markets, or are there some cap city markets or suburbs that have improved well into double-digits?<\/p>\n

Simon:<\/strong>\u00a0 There\u2019s double-digit growth in some capital cities and some regions, but overwhelmingly, Kevin, regions are the winners. And on this show several times over the last couple of years, we have been deliberately trying to share with people lots of information about regional Australia because we\u2019ve felt for a couple of years that the best opportunities are going to be not in all regions, but if you know what you\u2019re looking for, that\u2019s where the real growth we felt was going to be.<\/p>\n

45 out of the 67 locations in Australia that had double-digit price growth over the last 12 months were in regional locations, so that still means there were 18 capital city locations with double-digit price growth. But 45 out of 67 in regional Australia, and we expect that trend to continue for a good few years.<\/p>\n

Kevin:<\/strong>\u00a0 What about state by state, Simon? Were there any states that really stood out?<\/p>\n

Simon:<\/strong>\u00a0 The biggest beneficiary was Victoria. It had 28 locations with double-digit price growth, and 16 of those are in greater Melbourne. These locations, Kevin, we broke Australia up into each city council. So, there are 550 city councils in Australia and 67 of those had double-digit price growth last year, 28 in Victoria, and of those, 16 were in greater Melbourne.<\/p>\n

And no surprise to us that most of those greater Melbourne locations were on the outskirts of greater Melbourne where housing is more affordable.<\/p>\n

Kevin:<\/strong>\u00a0 There\u2019s a special blog on Propertyology\u2019s feature channel on RET. We\u2019ll put a\u00a0link to the article<\/a>\u00a0inside this commentary down below in the transcript section.<\/p>\n

What about some of the other states around Australia, Simon?<\/p>\n

Simon:<\/strong>\u00a0 New South Wales had 27 locations of double-digit price growth, and 24 of those were in regional New South Wales \u2013 24 out of 27. South Australia featured quite well: four locations there, and three of those were in regional South Australia.<\/p>\n

Tasmania: we\u2019ve known for a good couple of years that Hobart is our hottest market. There were four parts of Hobart with double-digit price growth, but also three locations in regional Tasmania with double-digit price growth.<\/p>\n

Western Australia only had the one: interestingly, Karratha. Median house price increased by 13.5%. We know Karratha had a nasty decline when the mining boom came to an end. And we\u2019ve known for a couple of years that mining in general has been showing some solid recovery. Western Australia has seen it.<\/p>\n

Nothing in Queensland, unfortunately, Kevin. It continues to disappoint us, capital city and throughout regional Queensland for too many years, to be frank.<\/p>\n

Kevin:<\/strong>\u00a0 Well, you know, in defense of Queensland, I think one thing about the Queensland market is it continually just improves at a fairly moderate rate. I think around maybe 6%, which is still quite reasonable. We don\u2019t get the highs and lows.<\/p>\n

You probably don\u2019t agree with that, Simon, but that\u2019s my view.<\/p>\n

Simon:<\/strong>\u00a0 Disappointing. It\u2019s always had a lot of potential, strong fundamentals. The state lacks confidence, it lacks significant investment in infrastructure, and until those two things combine, the buyer public won\u2019t have the confidence required for some decent returns as investors.<\/p>\n

Kevin:<\/strong>\u00a0 Fair enough. One of the big drivers behind this, of course, is employment. And we see employment come for different reasons, like tourism, health, agriculture, infrastructure, and so on. What were the standouts for you?<\/p>\n

Simon:<\/strong>\u00a0 We talk about property economics on this show all the time, don\u2019t we, Kevin? The real thing\u2026 We\u2019ve always had this fascination with the Asian Century. It\u2019s what caused the mining boom. It\u2019s what caused Sydney and Melbourne\u2019s boom. It\u2019s what\u2019s been the catalyst for Hobart\u2019s remarkable turnaround, and it\u2019s also what\u2019s unfolding throughout parts of regional Australia.<\/p>\n

The Asian Century is a massive phenomenon where 2.5 billion people over a short period of time are going from poverty to middle class, and how that affects Australia\u2019s property markets is the different industry sectors that expand and create more jobs, which leads to confidence, salaries, people migrating from one location to another.<\/p>\n

One or another causes pressure to rise on property or pressure to fall on property, and regional Australia is a big beneficiary.<\/p>\n

Kevin:<\/strong>\u00a0 Always great talking to you, Simon Pressley. And don\u2019t forget:\u00a0use this link<\/a>\u00a0to that blog article on Propertyology\u2019s featured channel on Real Estate Talk.<\/p>\n

Simon Pressley, thank you so much for your time.<\/p>\n

Simon:<\/strong>\u00a0\u00a0Thanks, Kevin. Talk again soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

You\u2019d be excused for thinking that the property market in Australia is all doom and gloom. We\u2019re hearing about reductions in price, the Sydney market falling and so on, but you\u2019re going to be really surprised to hear a report that we\u2019ll be talking about…<\/p>\n","protected":false},"author":176692473,"featured_media":21945,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,34,10,11,13,36,22,23,25],"tags":[101],"class_list":["post-21956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-research-topic","category-selling-a-property-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\nDouble-digit growth suburbs \u2013 Simon Pressley - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Double-digit growth suburbs \u2013 Simon Pressley - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"You\u2019d be excused for thinking that the property market in Australia is all doom and gloom. We\u2019re hearing about reductions in price, the Sydney market falling and so on, but you\u2019re going to be really surprised to hear a report that we\u2019ll be talking about...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-07T15:00:46+00:00\" \/>\n<meta name=\"author\" content=\"Kevin Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/\"},\"author\":{\"name\":\"Kevin Turner\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"headline\":\"Double-digit growth suburbs \u2013 Simon Pressley\",\"datePublished\":\"2018-08-07T15:00:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/\"},\"wordCount\":1123,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Buying a property\",\"Finance\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment\",\"Research\",\"Selling a property\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/\",\"name\":\"Double-digit growth suburbs \u2013 Simon Pressley - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-08-07T15:00:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/double-digit-growth-suburbs-simon-pressley\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Double-digit growth suburbs \u2013 Simon Pressley\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\",\"name\":\"Kevin Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"caption\":\"Kevin Turner\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/kevin-turner\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Double-digit growth suburbs \u2013 Simon Pressley - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/","og_locale":"en_US","og_type":"article","og_title":"Double-digit growth suburbs \u2013 Simon Pressley - Realty Talk","og_description":"You\u2019d be excused for thinking that the property market in Australia is all doom and gloom. We\u2019re hearing about reductions in price, the Sydney market falling and so on, but you\u2019re going to be really surprised to hear a report that we\u2019ll be talking about...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/","og_site_name":"Realty Talk","article_published_time":"2018-08-07T15:00:46+00:00","author":"Kevin Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kevin Turner","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/"},"author":{"name":"Kevin Turner","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329"},"headline":"Double-digit growth suburbs \u2013 Simon Pressley","datePublished":"2018-08-07T15:00:46+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/"},"wordCount":1123,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Buying a property","Finance","Kevin Turner","Kevin's Update","Latest Stories","Property Investment","Research","Selling a property","Sponsored Channels"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/","name":"Double-digit growth suburbs \u2013 Simon Pressley - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/#primaryimage"},"thumbnailUrl":"","datePublished":"2018-08-07T15:00:46+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/double-digit-growth-suburbs-simon-pressley\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Double-digit growth suburbs \u2013 Simon Pressley"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329","name":"Kevin Turner","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","caption":"Kevin Turner"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/kevin-turner\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/21956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692473"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=21956"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/21956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=21956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=21956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=21956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}