A Spotlight On Palmwoods (Sunshine Coast)

Another deep dive into a property location, about 100k from Brisbane. Palmwoods is a rural town and locality in the Sunshine Coast Region, Queensland, Australia. In the 2016 census, Palmwoods had a population of 5,676 people.

It is situated close to popular family tourist attractions such as The Big Pineapple. Pineapple growing remains the most important primary industry in the area. Palmwoods is located 15 minutes from the beach and the Blackall Range.

Home Price Scenarios In A Covid-19 World

Last week we ran our latest live event, and discussed a range of potential scenarios relating to the virus. If the virus is localised and of short duration, there was still a path to higher prices, but as its severity and reach grows, prices would turn negative. This is a simple (actually complex) set of relationships between economics, human behavior and property.

Here is a summary of the various scenarios from our modelling. We weighted the greatest probability at 30-45% fall in the months ahead, assuming global disruption, financials market falls and reinfection. All of which is coming true.

Begs the question, how soon will prices turn south unequivocally?

You can watch our live event here:

The Negative Equity Hot Spots

As featured on 60 Minutes, using data from our core market model we have mapped the hot spots across the country, as home prices fall.

Negative equity is a brake on mobility and economic growth and is the result of rabid home lending and price growth, now going into reverse.

This show discusses our approach, and highlights the most impacted post codes, with data to end January 2019.

We will run the modelling again next month, as prices continue to move.