Posts Tagged 'Growth'Capital growth pushes Queensland investors to snap up propertyFebruary 10 2011 Leave a Comment Tags: Capital, Growth, Investors, Property, pushes, Queensland, Snap
The potential for future capital growth is the number one incentive for Queensland property investors, according to the Real Estate Institute of Queensland (REIQ).
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Capital growth continues to climb in Sydney and MelbourneAustralian dwelling values have increased in the December quarter, rising by a seasonally adjusted 0.4 per cent.
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Canberra leads with slow price growth for the December quarterCanberra has pitter-pattered ahead of all Australian capitals with 1.9 per cent house price growth for the December quarter, according to an Australian Bureau of Statistics (ABS) house index released today.
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Rental growth expected mid-2011Rental growth for most Australian capitals failed to improve in the December quarter, however all signs point to increases later this year, according to Australian Property Monitors (APM).
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Price growth to strengthen in 2011-12Residential properties aren’t overvalued and price growth is likely to strengthen in 2011 to 2012, according to a new report from major bank ANZ.
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Australia’s population growth rate puts on the brakesAustralia’s population is increasing but the growth rate is decreasing.
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Price and rent growth almost on parRents and property values have grown at fairly similar rates over the past five years, according to research from RP Data.
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Real Estate Bubbles and California’s Economic Growth, Part 3An economics presentation at Humboldt State University. Special guest lecturer Dr. Christopher Thornberg of Beacon Economics discusses the current housing bubble and its effects on California.
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Baby Boomers Will Drive Real Estate GrowthBaby boomers, baby boomers, baby boomers; we all hear this term over and over again. So who are the baby boomers? Baby boomers are people in the United States who were born between 1946 and 1964. Approximately 78.2 million people fall into this category. As a group, baby boomers comprise the largest population cohort in the history of the United States. The size of the group gives it vast influence over American politics, popular cultural, and of course, real estate. To evaluate the influence of the baby boomers on the future of real estate, the National Association of Realtors (NAR) conducted a study in 2006. The findings of the research were published in report entitled Baby Boomers and Real Estate: Today and Tomorrow. Below are some highlights from the NAR study. AGE DISTRBUTION According to the NAR report, baby boomers now range in age from 42 to 60 years old. The typical baby boomer is 50 years old, and the oldest of the baby boomers turned 60 in 2006. About 46% of baby boomers are in their 40s, and about 25% are at least 55 years old. HOUSEHOLD INCOME As a group, baby boomers are in their peak earning years. In 2005, baby boomers had a household income of $64,700, and about 25% them had a household income of at least $100,000 per year. HOME OWNERSHIP About 78% of baby boomers own a home, which is higher than the national ownership rate of 69%. About 96% of baby boomers believe that home ownership is a good financial investment. FUTURE REAL ESTATE PURCHASES About 10%, or 7.8 million of all baby boomers, said they were likely to purchase additional real estate in the next 12 months. Of these potential buyers, two-thirds were planning on buying a primary residence, 26% want to buy land, 19% want rental property, 15% want a vacation home or seasonal home, and 14% want a commercial property. WHAT FEATURES ATTRACT BOOMERS When baby boomers were asked about what features are most important to them, 38% wanted a lower cost of living, 38% wanted to be near family, 38% wanted easy access to quality health care, 37% wanted a better climate, and 36% wanted to be near a body of water. PREFERRED COMMUNITY AMENITIES When baby boomers were asked about the type of community amenities that interest them most, about 18% wanted to be near cultural offerings, 9% wanted to be closer to their family, 4% wanted to be on a golf course, and 3% wanted easy access to educational facilities. WHERE DO BOOMERS WANT TO RETIRE When baby boomers were asked about where they want to retire, 33% of them want to retire in a rural area, 30% in a small town, 25% in a suburban area, and only 12% in an urban community. BOOMERS AND THEIR REAL ESTATE AGENTS Baby boomers consistently use the services of a real estate agent. Approximately 60% of homebuyers and 79% of home sellers used a real estate agent in their last transaction. SUMMARY The baby boomers have had and will continue to have a significant impact on the real estate market. As the boomers near retirement, they continue to value real estate and will continue to invest in properties and land. Real estate agents would be well served to understand what baby boomers want in terms of their real estate investments, and design strategies that target the needs of this enormous population cohort. For more information, read the NAR report entitled, Baby Boomers and Real Estate: Today and Tomorrow
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Simple Growth Investing.A Simple Way To Profit From Investing Secrets Wall Street Operators Won’t Tell You! A Proven System By A Veteran Investor And Market Analyst, That Shows Busy People A Simple Way To Make Money In The Stock Market, In Just A Few Minutes A Week. Simple Growth Investing.
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