{"id":6839,"date":"2016-01-24T01:00:32","date_gmt":"2016-01-23T14:00:32","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6839"},"modified":"2016-01-24T01:00:32","modified_gmt":"2016-01-23T14:00:32","slug":"jan-somers-australian-property-market-2016","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/jan-somers-australian-property-market-2016\/","title":{"rendered":"Jan Somers – Australian Property Market 2016"},"content":{"rendered":"

 
\nOur guest today:\u00a0Jan Somers\u00a0<\/strong>from Somersoft.com.au.
\n <\/p>\n

Transcript:<\/strong><\/h4>\n

Kevin:<\/b>\u00a0 Welcome into the show. Once again this week, we\u2019re going to be looking at a cross range of our experts as we enter into 2016, and we\u2019ll be looking at what their views are of the market post-2015 as we go into a brand new year.
\nMy guest to start the show off this week is Jan Somers, and Jan, of course, is from a great website, Somersoft.com.au.
\nYou get a lot of feedback from people around Australia, Jan. What were they saying about 2015?
\nJan:<\/b>\u00a0 A lot of feedback. \u201cUp and down\u201d would be the key word, and depending on what city you\u2019re in. Sydney and Melbourne were just unbelievable and I think beyond anyone\u2019s expectations.
\nKevin:<\/b>\u00a0 Was that the big surprise for you, the Sydney market in particular?
\nJan:<\/b>\u00a0 It was a big surprise, just the amount of surge that continued for such a long time in Sydney. I don\u2019t usually watch a market that closely except my son had a property in Sydney that he was selling because he\u2019d been there six years and he\u2019d moved on and was going to buy somewhere else. If ever there was a property sold when the bell rings at the top of the market, he sold it on that very night.
\nKevin:<\/b>\u00a0 Oh, wow. Is that right?
\nJan:<\/b>\u00a0 I was very astutely aware that the weekend before, there was a 70% or 80% clearance rate, as they say in Sydney, and the weekend after, it had dropped to 40%. He hit the nail on the head, and that was just amazing to watch.
\nKevin:<\/b>\u00a0 Yes. Incredible stuff. Let\u2019s have a look at 2015. Were there any areas or property that you became disappointed in \u2013 in other words, you thought that they would perform better?
\nJan:<\/b>\u00a0 Yes. Because I was involved in a small development, I would have to say that building new properties, one, the construction costs were exorbitantly high, and secondly, dealing with councils was just\u2026 I would have to say it\u2019s not my cup of tea.
\nThat was very disappointing because if they do want to expand the property industry in Australia, they need to overcome those two aspects of councils dealing with developers, even small developers like myself, and just the price of construction is exorbitantly high compared to the cost of an established property these days.
\nKevin:<\/b>\u00a0 Do you find that some of the regional councils are worse than the cap city councils, or doesn\u2019t it matter?
\nJan:<\/b>\u00a0 Possibly some of the regional ones who are trying to encourage growth might be a little bit easier to deal with than those that don\u2019t really care whether people or developers come and go. It could well be, and from my anecdotal evidence, that dealing in regional Australia where they\u2019re trying to encourage growth is probably better than dealing in the big city.
\nKevin:<\/b>\u00a0 Yes. Looking ahead at 2016, what do you think we\u2019ll be saying this time next year about this year?
\nJan:<\/b>\u00a0 It\u2019s a bit boring, but I think if you take a long-term view, then my view is we should be looking at the same as, same as. We don\u2019t need to be looking at the ups and downs of the cycles, although it\u2019s very interesting to observe. But if you\u2019re in it for a seven- or ten-year period, I think next year should be it should be the same as it has been for the last ten years if we\u2019re looking in decade lots of property investment.
\nKevin:<\/b>\u00a0 What are the markets? Are there that you\u2019ll be keeping your eye on during 2016?
\nJan:<\/b>\u00a0 I will. I\u2019ll be keeping a close eye on the Brisbane market. We have a lot of properties in Brisbane after watching happened in Sydney and in Melbourne where people get given this exorbitant amount of money for their property and then find that they want to spend it somewhere else where it\u2019s cheaper, and Brisbane right now is disproportionately lower than the Sydney\/Melbourne market.
\nKevin:<\/b>\u00a0 Always great talking to you, Jan Somers. Thank you so much for your time. Jan, of course, at her website, Somersoft.com.au.
\nThanks for your time, Jan.
\nJan:<\/b>\u00a0 You\u2019re welcome, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Our guest today:\u00a0Jan Somers\u00a0from Somersoft.com.au.   Transcript: Kevin:\u00a0 Welcome into the show. 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