The Property Pod - Broken Windows & Sugar Rushes

BROKEN WINDOWS & SUGAR RUSHES

The Property Council of Australia has proposed the 'New Home Boost' grant as part of its seven-point plan to the National Cabinet for kickstarting construction and the economy.
First 50,000 people
Requires $2.5 Billion in federal funding
Eligible for all buyers of new homes, not just first home buyers
According to Australian Bureau of Statistics (ABS), every dollar of residential construction generates $3 of activity across the wider economy, while Commonwealth Bank research estimates seven full-time jobs are lost for every $1 million reduction in residential construction spend.

Tourism turmoil provides temporary relief to rental pressures

The vacancy rate in Hobart was 2.7 per cent, an increase of 0.3 per cent
Houses in the $300 a week bracket remained steady, but units around $250 increase by $10 a week.
The median rent for a three-bedroom property reached $550 a week in Hobart’s CBD with $370 a week in inner Launceston.
REIT members have reported they have had a number of AirBnb properties returning to the long-term rental market as a result of the downturn in the tourism industry.

360 degree tours are set to transform the home buying experience
Taking a matterport tour and turning it into a 3D experience using Oculus or google goggles
Over the last two months the number of digital inspections viewed on realestate.com.au has jumped by almost 400 per cent when compared to the same period prior.
As such the new technology is less akin to Star Trek’s ‘beam me up Scottie’ teleportation but rather the one illustrated more recently in Star Wars.
The VR technology could also be used by prospective renters and even those building their
own home.
People can inspect properties back-to-back more easily and more quickly from the comfort of their our home instead of racing from place to place through traffic