Did you know that in 2016, nearly 8.4 million Australian home owners did some kind of renovation on their properties?
That's 62% of all home owners and up from 7.5 million three years earlier – findings that were published this year by Roy Morgan Research, a leading market research company.
Reflecting on these numbers, CEO Michele Levine said...
“The latest figures from Roy Morgan show that, over the last few years, an increasing number of Australians are doing renovations or repairs of some description to their homes. Even bearing in mind that the number of people who own or are paying off a home has grown by 400,000 since 2013, the trend towards domestic improvement is still trending upwards.”
In a similar report, Houzz Australia also released their 2016 Houzz & Home Report that revealed 27% of its members repaired their properties; 44% have decorated or furnished; and 49% have renovated; with an average total renovation spend around $68,300.
We've certainly become a renovation nation!
And I'm pleased to say, that for the first time ever, we've negotiated with Australia's Rapid Renovation Expert, Naomi Findlay, to host a free Live Webinar where you'll discover, “How To Renovate Properties For A Profit With The Rapid Renovation Formula™”.
Spots on this Live Webinar are capped at just 95 seats.
If you're a property investor, you'd always be on the lookout for investment opportunities.
Right now, the question amongst most property investors is whether the growth in Sydney and Melbourne is done.
So to answer that question, I spoke with John Lindeman, one of Australia's trusted Property Market Researchers, and he showed me this chart:
John then went on to say...
“While it true that the Sydney and Melbourne property markets have boomed in the last four years, much of this growth was making up for lost time, as the markets had very low growth during the previous eight years. This graph of total house price growth in the last ten years shows that Melbourne has actually had more price growth than Sydney, but even this rate of growth is only equal to the average performance of the Australian housing market (at around 8% growth per year) since 1901.”
“This shows us that talk of a housing bubble is alarmist rubbish and while the boom may slow down, there’s little risk of price falls, except in a few over invested inner urban unit precincts.”
“The recent Federal Budget has gone a long way to making sure that housing prices in Sydney and Melbourne keep rising over the next few years. It’s because the government’s proposals to make housing more affordable are actually incentives to make it easier for first home buyers to raise a deposit and buy a property. In other words, the government is doing everything to increase demand, while doing little to increase supply. This can only lead to further prices rises over the next few years, especially in the lower priced outer suburban areas of Sydney and Melbourne.”
“The Federal Government’s war on housing unaffordability comes along with a raft of first home buyer deposit grants and stamp duty exemptions from State Governments which will have exactly the same effect of increasing the number of first home buyers and the prices they are able to pay for their homes.”
“Investors have never had a better time to get in the market, with the government backing future price growth!”
Enjoy this month's newsletter, especially the brand new Expert Video Tips and I look forward to seeing you soon.
To Your Success,
PS. You may also want to forward your June newsletter to a friend.
Ken and Dawn sent in this beautiful Thank You card along with a generous offer to buy my office team some coffees (which I replaced with smoothies). Their 'Law of Attraction' story is so inspiring and reminds me of the power this undeniable Law has when put into practice.
Is humanity really headed towards self-destruction? Whatever happened to 'self-discovery?' Whatever happened to the milestones we've achieved as the most intelligent species? Have we really become so detached from reality that we've become the casualties of our own psychosis?
Jeremy Griffith provides insights to these questions through FREEDOM - a culmination of 40 years of study and writing about what humanity have become. Touted as 'the book that saves the world,' this is an eye-opening read.
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