{"id":3383,"date":"2015-02-08T01:00:00","date_gmt":"2015-02-07T14:00:00","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=3383"},"modified":"2015-02-08T01:00:00","modified_gmt":"2015-02-07T14:00:00","slug":"the-property-market-in-2015","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/the-property-market-in-2015\/","title":{"rendered":"The property market in 2015"},"content":{"rendered":"

 
\nToday’s show features the co-host of Location, Location, Location Australia and partner at Empower Wealth,\u00a0Bryce Holdaway<\/strong>.
\nAccording to Bryce, there are some clear signals about how buoyant the market will be this year and he tells us about some markets that he believes will show good growth this year.<\/p>\n

<\/h4>\n

Transcript<\/h4>\n

 <\/p>\n

Bryce Holdaway<\/h4>\n

Kevin<\/b>:\u00a0 This time every year, we always like to take a look ahead. It\u2019s easier to look back, but what\u2019s coming up into 2015? I\u2019m talking to Bryce Holdaway now who is the co- host of Location, Location, Location Australia<\/i> \u2013 a great show on LifeStyle television \u2013 and also a partner and director at Empower Wealth along with Ben Kingsley.
\nGood day, Bryce. How are you doing?
\nBryce:<\/b>\u00a0 I\u2019m good, Kevin. How about you?
\nKevin<\/b>:\u00a0 Good mate. I was just watching your video that\u2019s on the website there, too, where you and Ben did your overview of 2015 or your look ahead. I thought we might just spend little bit of time and talk about that. Where do you see the market heading this year?
\nBryce:<\/b>\u00a0 It\u2019s an interesting question when someone says, \u201cWhere do you see the market heading?\u201d I think the thing is that anyone who has been investing long enough knows that Australia is not one big market. It\u2019s made of hundreds and hundreds of sub-markets.
\nI guess probably the major story of 2015 is that there are a few cycles that are probably at the top end, there are a few that have probably had a pretty good run of late, and there are a couple that are looking really good in terms of the upside.
\nKevin<\/b>:\u00a0 We\u2019ll talk about a few of those. But it was certainly demonstrated in 2014, wasn\u2019t it, just that variety in markets around Australia?
\nBryce:<\/b>\u00a0 Yes. As you know, I travel around the country, and it\u2019s quite a contrast. It\u2019s interesting. Even the Reserve Bank is trying to do a little bit of jawboning and to try and put a lid on maybe the problem children of Melbourne and Sydney. But they\u2019re having a really tough time because any measure that they do \u2013 whether it\u2019s interest rates, macro-prudential tools, whatever they do \u2013 it will probably have an impact on Melbourne and Sydney, but unfortunately, it will really negatively impact the markets that need the help the most. It\u2019s a bit of a challenge.
\nKevin<\/b>:\u00a0 There was even talk this morning about taking another look at a negative gearing, and I think that\u2019s a pretty dangerous path to go down. It\u2019s easy to say investors are pumping up the market, but I tell you what, take them out of the market, and what it\u2019s going to do to rents?
\nBryce:<\/b>\u00a0 That\u2019s the other challenge, isn\u2019t it? They tried in 1983. It was a little bit of a disaster. They had to bring it back in 1985 and give you some sort of depreciation benefits to entice the investors back. If the government actually takes it away, it creates a huge burden for them to provide the rental accommodation.
\nBut let\u2019s be honest and get to the crux of it. Probably most politicians have got some form of property investment themselves, so they\u2019re unlikely to cut off their nose to spite their face.
\nKevin<\/b>:\u00a0 Are you suggesting self-interest here, Bryce?
\nBryce:<\/b>\u00a0 I wouldn\u2019t suggest that at all!
\nKevin<\/b>:\u00a0 In your video with Ben, let\u2019s have a look at what are some of the good markets to be looking at around Australia, and where will you be talking to your people through Empower Wealth?
\nBryce:<\/b>\u00a0 Look, we are suggesting that the opportunity moving forward is that you really want to try and get some yield play, where a part of the cycle is getting some upside. We\u2019ve seen that Brisbane has an opportunity to buy there and get good yields at the moment, because they have been flat for a little while as a combination of probably post-GFC, a little bit of natural disaster, and a little bit of negative sentiment. The upside of the cycle looks pretty good in terms of growth. But right now, we are buying stuff there that\u2019s getting 5%, 5.5%, and in some cases 6% yield. The opportunity is looking good.
\nKevin<\/b>:\u00a0 What about other areas? You did touch on briefly there Sydney and Melbourne and how hot they are. But what\u2019s your view on the future there?
\nBryce:<\/b>\u00a0 I think that you\u2019re re always going to find good opportunities in those two big metropolises in this country. I say all the time that they\u2019re in the top 100 cities in the world as measured by population, so it\u2019s never a bad idea to have good real estate in those cities. But given that they\u2019ve had such a strong run, probably selection is more critical than ever.
\nThere\u2019s always going to be a bit of an owner-occupier contingent in any city, and that\u2019s what you really want to be focusing on, because I think the investor sentiment is largely looking outside Melbourne and Sydney in 2015.
\nI even think that there are opportunities to run the ruler over places like Adelaide or Hobart, because they have got such low entry points. They have got really good yields, and if you can buy in the very few unique and specific suburbs in those two cities, there could be some upside there.
\nBut for the safety of having a larger population base, a bigger economic base, you would probably stick to Brisbane.
\nKevin<\/b>:\u00a0 What about some of the stronger regional markets, like Townsville, Cairns? I know they\u2019re based primarily on tourism, but also Newcastle, New South Wales, some of those strong regional areas, Bryce?
\nBryce:<\/b>\u00a0 Yes, I think that Newcastle in particular will get a ripple effect of Sydney being so strong. You can still get the lifestyle. You still have the access to the capital city job market there. I think that particular market is good.
\nI even think if you are looking at places like the Gold Coast, or you talked about Cairns, they\u2019ve been depressed markets for so long that if you do run the ruler over, you might see some opportunities.
\nNow I\u2019m certainly not suggesting that you\u2019re investing in those markets, because there is a little bit of speculation to it. But given that the price point you\u2019d suggest is at the bottom, so the downside risk would be low, given that there\u2019s some yield, there might be some upside that gets some ripple effect of the fact that people have had some good results in Melbourne and in Sydney and they\u2019re looking for other opportunities, particularly to help them retire and get some yield
\nKevin<\/b>:\u00a0 Always great talking to you, Bryce Holdaway. Thank you very much. Bryce, of course, is the co-host of Location, Location, Location Australia<\/i> and with Ben Kingsley at Empower Wealth. Check out their videos, too. There\u2019s a huge number of them on their website at EmpowerWealth.com.au<\/a>.
\nBryce, always welcome anytime, mate, and great talking to you.
\nBryce:<\/b>\u00a0 Likewise. Thanks, Kevin.
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

  Today’s show features the co-host of Location, Location, Location Australia and partner at Empower Wealth,\u00a0Bryce Holdaway. 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