Suburbs  

Flats   Houses  

1  bed   2  bed   2  bed   3  bed   4  bed  

10   11   12   10   11   12   10   11   12   10   11   12   10   11   12  

Balmoral 320 405 340 360 390 385 370 385 390 440 440 475 760 885 890 Bulimba 320 405 340 360 390 385 370 382 390 440 440 475 760 885 890 Cannon Hill 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Camp Hill 220 230 230 330 350 350 325 400 385 410 420 420 510 530 570 Coorparoo 245 260 260 330 340 350 350 360 360 400 425 450 430 540 600 East Brisbane 310 310 325 430 440 470 355 385 415 450 495 495 545 660 650 Greenslopes 240 260 275 315 320 350 335 370 400 400 400 430 490 N/A 540 Hawthorne 320 405 340 360 390 385 370 385 390 440 440 475 760 885 890 Morningside 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Murarrie N/A N/A N/A N/A N/A N/A N/A N/A N/A 365 395 420 450 570 580 Norman Park 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Tingalpa N/A N/A 213 285 290 290 N/A 290 N/A 365 385 415 430 430 455 Woolloongabba 220 210 275 380 440 420 375 430 370 380 450 450 550 440 690 Wynnum 200 205 220 300 310 310 320 330 350 380 375 390 500 470 505

June 2012

PROPERTY MANAGEMENT

NEWS  

1

It   has   been   relatively   quiet   on   the  Sales   front   this   month,   inspite   of  the   fact   that   we   currently   have   a  well   stocked   book   of   fairly   priced  listings.     First   home  buyers   are  out  and  about   in  the  market  place,  but  they   are   difficult   to   pin   down,   and  very   price   aware.   Investors   are  

In  preparation   for   tax   time,   the  ATO  has  put   together   some   tips   to   help  investment   property   owners   correctly  claim   rental   property   deductions   this  year.     Here   are   some   tips   to   avoid   a  follow  up  from  the  ATO.  Click  on  the  link.  

2

around   too,   but   many   are  submitting   low   offers,   and   are  willing   to  walk   if   their   price   is   not  met.     Another   interest   rate   drop  would   certainly   help   boost  confidence,   but   we   may   have   to  wait  until  later  in  the  year  for  this.  

1

The  RTA  June  quarter  median  rents  report  has  now  been  released,  with  no  real  surprises.    We  have  compiled  a  condensed  version  including  some  of  our  main  areas,  which  shows  the  2010  –  2012  year  on  year  comparisons.    With  the  exception  of  a  couple  of  glaring  spikes  in  particular  categories  (these  are  usually  caused  by  a  bulk  supply  of  newly  released  stock  within  a  suburb  which  skews  the  local  area  trend)  there  is  a  consistant  thread  

2

showing  an  approximate  10%  increase  in  rental  values  across  all  categories  since  2010.      

We  consider  these  factors  when  we  review  and  make  recommendations  for  rent  adjustments  on  our  management  properties.  We  also  use  these  statistics  to  help  tenants  understand  that  their  rent  increases  are  representative  of  fair  market  value.    See  the  attached  link  for  full  report.  RTA  Median  Rents.

 

Refer  a  Friend  and  Receive  3  months  Free  Management  Fees.  

If  you  know  anyone  who  is  unhappy  with  their  current  service,  Send  Them  to  Us  and  We  Will  Rebate  Your  Fees  For  3  Months!!  

141 Riding Rd Hawthorne Q 4171 Ph: 07 3899 1888 Fax: 07 3395 7246 www.maryannebirch.com.au rentals@maryannebirch.com.au

Another  Glorious  Insult  from  the  Past:  

 "He  has  never  been  known  to  use  a  word  

that  might  send  a  reader  to  the  dictionary.  

"William  Faulkner  about  Ernest  Hemingway

Expect   to   profit   on   this   3   bedroom  ripper!!  Located  in  a  quiet  cul  de  sac,  just  a  little  TLC  will  reap  rich  rewards.    Fairly   standard   in   the   general   layout  but   big   points   of difference   are   the  big   private   yard   with   a   6’   fence,  oversized   double   garage,   and   quality  surrounding   homes,   meaning  anything   you   do   here   is   a   big   value  add  at  this  bargain  entry  price.

1

There  was  a  great  deal  of  speculation  before  the  release  of  the  2011  Census  that  the  average  household  size  would  actually  rise  across  Australia  due  to  the  population  growing  at  a  faster  rate  than  dwelling  construction.  The  logic  was  that  we  might  start  to  see  more  families  under  one  roof  as  families  look  for  ways  to  cope  with  housing  affordability,  kids  were  staying  at  home  longer  with  mum  and  dad  and  the  birth  rate  was  on  the  rise.    The  results  came  as  a  bit  of  a  surprise;  the  average  household  size  remained  steady  at  2.6  persons  per  dwelling;  the  same  average  as  what  was  recorded  in  2006  and  in  2001.  

Looking  at  the  data,  it  is  clear  that  several  factors  have  provided  some  counterbalance  that  has  kept  the  household  size  steady.  

Firstly,  the  rise  in  couple  families  without  children  (+20.3%  between  2001  and  2011),  one  parent  families  (+16.8%  between  2001  and  2011),  lone  person  households  (+16.9%  between  2001  and  2011)  well  and  truly  grew  at  a  faster  pace  than  couple  family  with  children  households  (+8.7%  between  2001  and  2011).  

Another  reason  for  the  steady  

2

average  household  number  can  be  attributed  to  the  rise  in  one  and  two  person  dwellings.    Between  the  2001  Census  and  2011  Census  one  person  dwelling  have  increased  in  number  by  16.9%  and  two  person  dwellings  have  increased  by  17.5%.    In  contrast,  households  with  three  persons  occupying  the  dwelling  have  increased  by  a  smaller  13.8%  and  four  person  dwellings  have  increased  by  12.9%.  

Inherently,  most  of  the  suburbs  with  a  large  average  household  size  show  a  predominance  of  detached  dwellings  as  opposed  to  units  or  semi-­‐detached  homes  which  tend  to  be  smaller  and  have  fewer  bedrooms.    Once  again,  no  surprises  that  these  areas  are  also  predominantly  occupied  by  families  with  kids.  

What  came  as  somewhat  of  a  surprise  was  the  fact  that  overseas  migrants  don’t  seem  to  play  as  large  a  role  as  previously  thought  in  pushing  average  household  sizes  upwards.    There  was  some  speculation  that  the  surge  in  overseas  migrants  may  be  another  factor  pushing  household  sizes  higher  under  the  false  logic  that  many  migrant  families  have  larger  families...  

3

From  city  to  city  the  average  household  size  trends  vary  slightly.    It  is  interesting  to  note  that  the  most  affordable  capital  cities  (Hobart  and  Adelaide)  appear  to  have  smaller  household  sizes  than  the  larger  capital  cites  (Hobart  and  Adelaide  both  show  an  average  household  size  of  2.4  persons,  the  lowest  of  any  capital  city).    It  stands  to  reason  that  lower  home  prices  in  these  cities  aren’t  driving  more  people  to  live  under  one  roof.  

Potentially  the  2011  Census  marks  a  turning  point  for  household  composition  in  Australia.    Although  we  are  likely  to  see  kids  staying  at  home  for  longer  and  potentially  more  persons  under  one  roof  in  an  effort  combat  housing  affordability,  in  the  same  sense  we  are  likely  to  continue  to  see  more  lone  person  households  and  couples  without  kids  that  will  drag  the  average  down  as  well.    More  families  are  choosing  to  live  in  units  and  townhomes,  once  again  in  an  effort  to  find  more  affordable  housing  but  also  with  the  aim  of  living  closer  to  where  they  work  and  play.  

Will  the  average  household  size  rise  over  the  coming  year?  We  might  need  to  wait  until  the  2016  Census  is  delivered  to  find  out.  

 

Budget: A mathematical confirmation of your

suspicions – AA Latimer

The really frightening thing about being middle

aged is the knowledge that you’ll grow out of it.

Doris Day