Belts are Tightening but not on Renovations – Aussies spending $1Billion on Home Improvement This short article from an accounting firm points to various other studies and provides a simple commentary – “belts may be tightening but not on renovations”. Kitchens account for 23% of this, followed by living rooms (20%), bathrooms (20%) and bedrooms […]
Renovation Trends- the ABS Alterations & Additions List Always worth looking at the ABS Alternations & Additions List is a decent view of major renovation activity in the market. Look at the long term trend to see how renovation continues to grow despite monthly peaks and toughs in the Australian Market. https://www.abs.gov.au/statistics/industry/building-and-construction/building-approvals-australia/latest-release
Millennials are Flocking back to the country in their Thousands This commentary from Farm Journal gives insight to the phenomena that is growing country towns To read more: https://www.farmonline.com.au/story/8339863/the-countrys-population-drain-has-hit-full-reverse/
Country Hot Spots for Millennials 54,000 Millennials moved to the country last CENSUS period. To read more: https://www.canberratimes.com.au/story/8332930/regional-revival-which-millennial-hotspots-topped-the-migration-charts/
The Top 4 Regional Property Markets in 2023 This report looks at the top spots from a property investor’s perspective. To read more: https://thepropertytribune.com.au/market-insights/australias-top-four-regional-property-markets-in-2023/
Regional Housing Markets Where Prices are Set to Surge Out-of-Town and Affordable regional housing markets within commuting distance to CBDs, could see stronger price growth in coming months as rising capital city home values price out a growing number of buyers, experts say. To read more: https://www.afr.com/property/residential/the-regional-housing-markets-where-prices-are-set-to-surge-20230815-p5dwjz
Fastest Growing Regional Areas for Property Investment Regional Property is all the rage, and this report looks at the areas that are growing fastest in 2023. To read more: https://www.openagent.com.au/blog/fastest-growing-regional-areas-for-property-investment
Boom Conditions with Supply Issues in Housing Construction Likely to Remain for 2023 This short commentary from the ABC gives us an overview of the conflation of boom demand for new homes and renovations, alongside challenging supply chain issues. To read more: https://www.abc.net.au/news/2023-01-05/construction-delays-homebuilder-covid-pandemic-2023-outlook/101600928
Australian Country Media Group now reaching 336,000 touchpoints every 30 days Regionalisation has been good for the Australian Country Media Group which is now reaching more people than ever before, thanks to new interest in its subject matter, and additional digital reach. Australian Country talks to an important audience of successful regional families and those […]
Volume of Homes under Construction 80% above pre-COVID levels At UMCO we believe that a short dive in to industry data is worthwhile and often in contrast to News Media. In Australia the HIA, while engaged in some of their own political lobbying, are one of the best sources of industry data for the home […]
