{"id":6910,"date":"2016-02-01T01:00:36","date_gmt":"2016-01-31T14:00:36","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6910"},"modified":"2016-02-01T01:00:36","modified_gmt":"2016-01-31T14:00:36","slug":"simon-pressley-australian-property-market-2016","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/","title":{"rendered":"Simon Pressley – Australian Property Market 2016"},"content":{"rendered":"

 
\nOur guest today:\u00a0Simon Pressley<\/strong>\u00a0from Propertyology.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin:\u00a0 <\/b>Welcome back into the show as we continue to have a look at what\u2019s going to happen with the property markets in 2016. Joining us this time from Propertyology, Simon Pressley.
\nSimon, we asked you to have a look at into your crystal ball. What do you think we\u2019re going to be saying about the property markets this time next year?
\nSimon:\u00a0 <\/b>This time next year, Kevin, if the media are consistent, which they usually are, whatever is happening in Sidney and Melbourne is what I\u2019ll be reporting on a national sense. We\u2019re probably going to be saying property markets are flat, which is where I think Sidney and Melbourne will be by the end of 2016.
\nKevin:\u00a0 <\/b>You think we\u2019re in for a pretty flat 2016. Late last year, towards the end of the year leading up to Christmas, we did talk about how some of the smaller markets around Australia could be a nice choice. Do you still share that view?
\nSimon:\u00a0 <\/b>I think it\u2019s a common mistake of property investors. They get too focused on not just the capital cities, the three big ones \u2013 Sydney, Melbourne, and Brisbane. Traditionally, there\u2019s a lot better markets out there than the three big capital cities. That\u2019s certainly going to be the case in 2016 and many years yet.
\nKevin:\u00a0 <\/b>Looking back on 2015, were there any surprises for you?
\nSimon:\u00a0 <\/b>The biggest surprise to us, Kevin, was Melbourne. Our 2015 market outlook report is still up on our website today, so people can look back at what we did forecast 12 months ago. Back then, we described Melbourne as a market of mixed fortunes, and we were surprised that 2015 Melbourne\u2019s jobs were as strong as what they were and we were also surprised that what is a significant oversupply housing hasn\u2019t taken grip yet. That may be a forecast 12 months ahead of ourselves.
\nKevin:\u00a0 <\/b>You think that\u2019s likely to be the case in 2016, a bit of an oversupply, and particularly in units?
\nSimon:\u00a0 <\/b>Particularly in units, yes, but also on the outskirts of Melbourne, broadacre land development has been unfolding for a few years there, yes. We still think Melbourne will be one of the better performing capital city markets in 2016, but most of that growth will be in the first half of the year. We\u2019ve maintained for a couple of years, Kevin, that we think 2017 is going to be the start of a very, very ugly period for Melbourne.
\nKevin:\u00a0 <\/b>Okay. Where there any disappointments for you? Are there any bandwagons you wished you had gotten on that you didn\u2019t?
\nSimon:\u00a0 <\/b>Not too much ones that we didn\u2019t get on, but probably the biggest disappointment in general is Queensland\u2019s inability to fulfill its economic potential. We didn\u2019t predict the very early call of the Queensland state election at the start of 2015, and more importantly, we didn\u2019t anticipate the result. It was really a 50\/50 call. In the end I think it was one seat that resulted in an eventual change of government. We did actually downgrade our outlook according to the market as a result of the state election, and we didn\u2019t anticipate that that result would happen.
\nKevin:\u00a0 <\/b>What\u2019s your advice for anyone wanting to start a portfolio this year?
\nSimon:\u00a0 <\/b>Education is always a key thing. I think it\u2019s great that investors get motivated and excited, but there\u2019s this tempatation to jump in, place too much emphais on the property itself rather than the market, and are probably too easily influenced by the things that they can easily read on the Internet these days.
\nA lot of the things that the broader investor takes as gospel or theories about property markets is contradicted by the historical evidence, so we would say get educated, develop a good team of advisors around you and be guided by them.
\nKevin:\u00a0 <\/b>What are some of the market indicators that you watch out for that we can learn from if we\u2019re looking around Australia. We touched earlier in this show and late last year about looking at some of those smaller sweetfish type markets. What are some of the indicators that you\u2019d recommend we should be keeping an eye on?
\nSimon:\u00a0 <\/b>Great question, Kevin. I maintain that the most important indicators for property investors aren\u2019t actually found looking at historical property data. While things like vacacy rates and the number of days on market or sales volumes, they\u2019re interesting but it\u2019s really a reflection of what\u2019s occuring in a market now, and the property asset class, the best decisions are made when we form opinions about the medium to longer term, the five- to ten-year period.
\nThe answers to those more important questions are going to be found in industry trends. Really understanding Australia\u2019s economy and processing property as a commodity called shelter. If we get a greater understanding of different industry drivers and which industries have the healthiest outlook, that\u2019s going to be more useful to us to direct us into particular property markets.
\nWe feel that for the foreseeable future, the industries in Australia with the best opportunity include things like agriculture, tourism, education, and health. If property investors look for locations with those industries within its economic profile, they\u2019re more likely to land on a good performing property.
\nKevin:\u00a0 <\/b>Simon, just before we close off, have you got some examples of those?
\nSimon:\u00a0 <\/b>Yes, I do, Kevin. Looking around the country, Western Australia, places like Bunbury and Busselton in the state\u2019s south. In Tasmania, it\u2019s places like Launceston and Burnie and Devonport that have a healthy future. In Victoria, it\u2019s Sheppatron, Bendigo, and Ararat. New South Wales is spoiled, really: Griffith, Leeten, Armidale, Dubbo, Tamworth, Narrabri. We think that they all have good outlooks.
\nIn South Australia, it\u2019s Port Lincoln and the Barossa. Northern Territory, Katherine is something that we have some interest in at the moment. In Queensland, which has a lot of regional locations, Townsville is going to improve, Cairns will remain strong. Rockhampton, Toowoomba. Gympie is one to watch at. The Gold Coast we\u2019ve maintained has potential to be one of Australia\u2019s best performing markets, and the Scenic Rim is one to watch, as well.
\nKeith:\u00a0 <\/b>Always good talking to you. Simon Pressley from Propertyology.
\nThank you so much for your time and your insights, Simon. Great spending some more time with you.
\nSimon:\u00a0 <\/b>Any time, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Our guest today:\u00a0Simon Pressley\u00a0from Propertyology.   Transcript: Kevin:\u00a0 Welcome back into the show as we continue to have a look at what\u2019s going to happen with the property markets in 2016. Joining us this time from Propertyology, Simon Pressley. Simon, we asked you to…<\/p>\n","protected":false},"author":176692471,"featured_media":6911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,17,25,27],"tags":[101],"class_list":["post-6910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"\nSimon Pressley - Australian Property Market 2016 - 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\/simon-pressley-australian-property-market-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simon Pressley - Australian Property Market 2016 - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  Our guest today:\u00a0Simon Pressley\u00a0from Propertyology.   Transcript: Kevin:\u00a0 Welcome back into the show as we continue to have a look at what\u2019s going to happen with the property markets in 2016. Joining us this time from Propertyology, Simon Pressley. Simon, we asked you to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-31T14:00:36+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\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\\\/simon-pressley-australian-property-market-2016\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Simon Pressley – Australian Property Market 2016\",\"datePublished\":\"2016-01-31T14:00:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/\"},\"wordCount\":1106,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment Topics\",\"Sponsored Channels\",\"Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/\",\"name\":\"Simon Pressley - Australian Property Market 2016 - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-01-31T14:00:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/simon-pressley-australian-property-market-2016\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Simon Pressley – Australian Property Market 2016\"}]},{\"@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\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Simon Pressley - Australian Property Market 2016 - 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\/simon-pressley-australian-property-market-2016\/","og_locale":"en_US","og_type":"article","og_title":"Simon Pressley - Australian Property Market 2016 - Realty Talk","og_description":"  Our guest today:\u00a0Simon Pressley\u00a0from Propertyology.   Transcript: Kevin:\u00a0 Welcome back into the show as we continue to have a look at what\u2019s going to happen with the property markets in 2016. Joining us this time from Propertyology, Simon Pressley. Simon, we asked you to...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/","og_site_name":"Realty Talk","article_published_time":"2016-01-31T14:00:36+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Simon Pressley – Australian Property Market 2016","datePublished":"2016-01-31T14:00:36+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/"},"wordCount":1106,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Kevin Turner","Kevin's Update","Latest Stories","Property Investment Topics","Sponsored Channels","Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/","name":"Simon Pressley - Australian Property Market 2016 - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/#primaryimage"},"thumbnailUrl":"","datePublished":"2016-01-31T14:00:36+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/simon-pressley-australian-property-market-2016\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Simon Pressley – Australian Property Market 2016"}]},{"@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\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6910","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\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=6910"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6910\/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=6910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=6910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=6910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}