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PIPA is recognised as an authoritative source of property market analysis, research, and is a regular commentator in media nationwide.
PIPA is recognised as an authoritative source of property market analysis, research, and is a regular commentator in media nationwide.
This issue is our special annual investor sentiment survey edition, which outlines many of the results from this year’s survey.
As you know, last year’s survey foreshadowed the property price growth that lay ahead – and it seems even more investors believe prices will keep rising this time around too.
This year has so far been one for the history books when it comes to property price performance, hasn’t it?
Price growth has been significant in most parts of the nation, with few signs that will materially change anytime soon.
There is no question that the start of 2021 has created property market conditions most of us haven’t experienced in our lifetimes.
The ultra-low interest rate environment, coupled with the uncertainty of 2020 being behind us and our nation’s impressive handling of the pandemic thus far, has clearly supercharged markets across the nation.
I don’t think I’m the outlier when I say we will all be very glad to see the back of 2020 soon.
The start of this year brought so much promise to markets across the land, which were then dashed when the pandemic landed on our shores.
It seems with each chairman’s column this year I need to revisit what was happening a few short months ago given the stop-start nature of our economic recovery.
In June, it seemed that we had the pandemic under control with business and borders reopening. Alas, that thinking was somewhat optimistic with COVID-19 rearing its head again.
There are some reasons to be optimistic about Australian property in 2020, but there are also key vulnerabilities in the economy as a whole, as well as variations across Australian dwelling markets to be considered.
There’s no question that the start of the year is looking far more promising for our sector. Buyer activity is increasing in a number of locations, big and small, with many keen to take advantage of lower interest rates as well as less conservative lending standards.
As we count down to the end of the decade, it would be fair to say that our industry is finishing on a high note after a challenging start to the year.
With its official cash rate now expected to fall below 1% to a new extraordinarily low close to zero, all sorts of people are saying that the Reserve Bank is in danger of running out of ammunition.”
Ammunition might be needed if, as during the last financial crisis, it needs to cut rates by several percentage points.
If anyone had asked me a few months ago who I thought would win the election, I would have said Labor. Most people thought that.
As we have learned, even if people thought Labor would win, that didn’t translate into an avalanche of votes.
PIPA has joined forces with other industry associations as well as large franchise groups to campaign against the Australian Labor Party’s negative gearing and Capital Gains Tax policies.
Since the last edition a lot has happened for your association, with PIPA invited to be one of the few industry bodies at a special housing taxation roundtable in Canberra last month.