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Shipping Container Homes Tasmania

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2016 Property Outlook Part 4 Northern Territory Western Australia and Tasmania

Bryce holdaway: i guess that leaves us with the three states that are probably on the notact list for 2016 and for us thats Northern Territory. Ben Kingsley: Yes. Bryce Holdaway: Western Australia. Ben Kingsley: Yes. Bryce Holdaway: And Tasmania. I think poor old Western Australia, largely is the one.

Product, one customer town and theyre really suffering from a bigger picture from the drop in the iron ore price. So I think a lot of people are feeling the heat over there and rental returns are suffering big time. So I think that my old hometown of Perth, it pains me to say but at this stage, not on the radar for us from a borderless investment perspective to be buying in Perth. Ben Kingsley: Yeah. For me its it will probably come into the watch category, second.

Half of 2016, just to see how its going because i suspect were seeing slowing population growth, if not maybe even negative population or migration. So whereas when youve got CAPEX expenditure like how were doing and its quite literal, isnt it? Its a beautiful place, more better days than worse days in terms of weatherwise. So from that point of view, its good. But if the job opportunities and the incomes that were touted before are no longer there considering that theyre still finishing off a lot of.

Those subdivisions in new housing land areas. it just says to me that we look at the supply side or we look at the vacancy rate starting to creep up. So from that point of view, thats why its on a noact now but might come back on to the watch list or it could stay on the noact for the rest of 2016. Bryce Holdaway: We know some people that are buying in the market and theyre looking for opportunities to add value to the land in terms of subdividing the land banking and.

So again in terms of that preemptive accumulation phase, if you know what youre doing, the negotiating conditions work well in your favour. So theres always opportunity to any market and again, 70 percent of the market is buying for someone to live. But in terms of whether or not we would be sort of actively looking in the first half of 2016 as you say, there are probably better opportunities. Ben Kingsley: I think the economic prosperity there, the GDP will start to slow a bit more.

Were starting to see that in a rising unemployment rate. so for me, yeah, its sort of just saying, look, I will keep it in the distance. We will keep running the rule over it. You know, our data allows us to do that pretty quickly. But yeah, right now, its in a nonact. Its a sit on the sidelines. Weve got them on the bench. Bryce Holdaway: We do have it on the bench. Northern Territory. Largely represented by Darwin. A huge oversupply of apartments.

Ben kingsley: there we go again. Bryce Holdaway: In the Central Business District. CBD stands for could be dangerous. So I would suggest that people I mean if theyre watching our Outlook tutorials Ben, and they havent got the message yet. No green fields, no house and land, no brand new apartments and I think that they all had a good run only a couple of years ago. Ben Kingsley: It was the top performing city in the last seven years outside of Sydneys.

Last two years. so that just goes to show you the guest projects. it has got a lot of untapped raw materials and minerals that are available in the Northern Territory themselves but theyre going to run for a port. That port is most likely going to be the port of Darwin. Weve just seen a new lease go out for that new port of Darwin. So there will be some Chinese money spent on that. The Americans havent even arrived yet. So thats why its sitting on the bench.

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