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Discounting population growth

Discussion in 'General Property Chat' started by See Change, 26th Sep, 2016.

  1. See Change

    See Change Timing Lord Premium Member

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    interesting article about the reality of the impact of population growth on property prices .

    Population influence on property prices - Australian Property Investor magazine

    I've been interested in how Michael Matusik is discounting the possibility of Brisbane booming due to lower rates of interstate immigration compared with the last boom . My personal observation is that it isn't the determining factor that it's made out to be .

    Didn't stop Tasmania doubling in the 2000's when many predicted it wouldn't go up due to the predicted lack of population growth.

    In someways I prefer places that are close to fully developed , stable because they're more predictable .

    Cliff
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    I think people like to bring it up as a stat to say an area is not going to go up, but I think places can go up and down regardless. They're generally just trying to steer people towards their own area i think?
     
  3. See Change

    See Change Timing Lord Premium Member

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    I'd agree , that's why I'm puzzled that Michael Matusik seems so intent on making a case that Brisbane won't go up .

    Cliff
     
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  4. MTR

    MTR Well-Known Member Premium Member

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    Unfortunately the data does not show the true picture what is really happening, it is too broad and shows a range, therefore the figures become skewed. I would not be relying on this information to buy property that is for sure.

    All I can say is proof is in the pudding, Sydney boom cycle started in Syds Western Suburbs due to immigration, professional from India, these were the areas that they could afford.

    Melbourne property market is very strong and this is also due to immigration, number 1 in Australia

    When Perth was experiencing the mining boom we were number 1 for immigration, we no longer hold this title and market has been going pear shaped since, not the only factor.

    There will always be more than one factor that drives markets, and immigration is just one, but we need to consider all the drivers.

    MTR
     
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  5. MTR

    MTR Well-Known Member Premium Member

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    If you are happy with your purchases and you believe there is growth in the near future who cares.
     
  6. See Change

    See Change Timing Lord Premium Member

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    MTR

    I am and I don't .

    Given how often population growth is put forward as a key driver , it was interesting to see an article that countered that arguement , so I thought I'd share it .......

    Cliff
     
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  7. MTR

    MTR Well-Known Member Premium Member

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    Fair enough thanks for sharing

    I never really paid too much attention to pop growth until recently and what I have seen happen in various States I mentioned. Interesting.



    MTR:)