Archive | Tourism markets RSS feed for this section

Chart 7

Why it could be Hobart’s time to shine

The Hobart housing market has been the nation’s weakest performing capital city housing market for more than a decade.  There are now signs that the Hobart (and Tasmania’s) housing market may be in line for a steady improvement. Over the 12 months to March 2016, home values in Hobart have increased by 4.8% while over […]

Read full story Comments { 0 }
AnnualChangeInMedianValue

Regional market analysis shows that there is strength outside of capital city markets

Based on the Australian Bureau of Statistics latest Regional Population Growth figures, 67 per cent of Australia’s population resides in the capital cities. To put that further into perspective, Sydney and Melbourne are home to around 40 per cent of the population. Given this, much of what is reported on in the market place revolves […]

Read full story Comments { 0 }
Byron

Buyers surging back into beach side housing markets

Lifestyle markets have been hit hard by a housing market downturn but it looks like some life is now starting to be breathed back into the coastal regions which are often synonymous with holiday homes, short term rentals and sea change migrants.  I’m noticing the trend first hand; I own a house on the Sunshine […]

Read full story Comments { 0 }
Where's the gain

Largest falls and greatest gains in property values around the country

A quick update on where the largest declines in residential property values have been experienced and where the largest capital gains have been recorded across the country. The bar charts below show the top 30 statistical divisions nationally for the largest ‘peak to current’ decline in dwelling values (ie change in house and unit value […]

Read full story Comments { 13 }
Key stats

Tourism and holiday home markets likely to have hit the bottom of the cycle

Tourist accommodation results, which are based on the results from the on-going quarterly Survey of Tourist Accommodation, were released by the Australian Bureau of Statistics recently.  The ‘small area’ data was released on the same day as the March employment figures were released, so the tourism results largely flew under the radar.  The national figures […]

Read full story Comments { 0 }
Margaret River

Tourism markets feeling the pinch

Australia’s most popular tourism regions are hurting – takings from accommodation are down, occupancy rates are down, overseas visitor numbers are only creeping up (slowly) after the 2008 slowdown.  The Tourism Forecasting Committee (part of Tourism Australia) estimates that total tourist consumption is down 3.5% in real terms during 2009 – the worst downturn in […]

Read full story Comments { 0 }