Archive for 'Property Cycles'
The Spectre of
Rising Interest Rates
Posted on 08. Feb, 2011 by Chris Lang.
The Reserve Bank of Australia (RBA) is not seeing the Australian flood disasters as having a prolonged effect upon the national economy.
It certainly expects the March quarter GDP to decline by 0.5%. But it is then projecting a 4.25% surge, over the remainder of this year.
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Office Leasing the Stand-out Performer
Posted on 15. Dec, 2010 by Chris Lang.
Office leasing activity picked up in most capital cities around Australia, over the past year. In some instances, quite significantly. And with the supply side basically "on hold", you should soon start to see this translate into some solid rental increases.
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September Growth Figures
Just a Pothole in the Road
Posted on 08. Dec, 2010 by Chris Lang.
Relax, it hasn't all come to an end. Sure, the Australian economy may have grown by only 0.2% in the September quarter. And retail sales might have actually fallen by 1.1% for October. However, the overwhelming consensus is that this is merely an aberration. And the underlying growth projections remain very favourable — with the [...]
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Are Offices "The Go"?
Posted on 17. Nov, 2010 by Chris Lang.
Just take a look around your capital city CBD. And tell me, how many cranes to currently see on the skyline? In most cities, you could count them on one hand — as there is minimal speculative development occurring right now.
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Why November?
Posted on 05. Nov, 2010 by Chris Lang.
Most people seemed taken by surprise, when the RBA chose to raise the cash rate to 4.75% on Cup Day this week. However, with Oaks Day being held yesterday, I thought today would be better timing for this post. Sure, the September quarter CPI had fallen to within the RBA's target range. And yes, there [...]
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Space Shortage Looming?
Posted on 22. Sep, 2010 by Chris Lang.
Office Vacancy rates around Australia are falling — albeit faster in some capital cities, than others. The chart below shows you where things currently stand.
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When Should You
Fix Your Interest Rate?
Posted on 17. Sep, 2010 by Chris Lang.
On Wednesday, I put up this post about whether or not to fix your interest rate, when purchasing a Commercial property. Only to find there was a problem with streaming of the Video. Hopefully, that's now been resolved; and so let's try Take 2. The simple answer to the question of timing is ... when [...]
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Can You Afford to Miss Out?
Posted on 23. Aug, 2010 by Chris Lang.
The other day, we took a look at Commercial property cycles, and where the various Australian CBD office markets might sit. Currently, Melbourne seems to be "leading the pack". But you might be interested to explore exactly why that is. Some recent research by Jones Lang LaSalle indicates that Melbourne's Office vacancy is likely to [...]
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"Cycles Ain't Cycles"
Posted on 09. Aug, 2010 by Chris Lang.
Overall, Australia has sailed through the Global Financial Crisis more or less unscathed. And from all accounts, Victoria and enjoys the standout economy of all the States. The Traditional Cycle Has Been Interrupted Last week, you explored the traditional cycle for CBD Offices — being 18 years from peak to peak. And over that same [...]
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Commercial Property Cycles ...
Posted on 03. Aug, 2010 by Chris Lang.
How do you ever understand them? Before talking to you about Commercial property, let's take a quick look at Investment Cycles in general. A recent AFR article contained this rather clever chart ... showing an Investor's mood at different points throughout the Cycle. My reading would be that Australia is currently at the "Optimism" stage [...]
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Some Gloom ... Yet More Glee!
Posted on 30. Jun, 2010 by Chris Lang.
The US Federal Reserve is concerned that consumption is still being underpinned by government funding. And so, even though stimulus measures may be winding down ... the Fed has decided to maintain interest rates at their historically low level. It seems that households and businesses are preferring to repay debt, rather than spend to encourage [...]
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