What’s coming next for property?? Well… quite a lot!
Folks, it turns out Covid has a “little” bit of a say in the property shift taking place in Australia… one that might actually be here to stay!!!
Yep, you might remember his ol’ German accent and ridiculously-wise insights back in Episode 314 where we discussed ‘The Millennial Movement’ and how it’s shifting property demand right across the country…
… but now with a continuing ‘exodus’ to regional locations since the global pandemic swept in and, err, overtook our lives (and work environments), there might actually be WAAY more to this shift in the Australian property market!!
“… You mean these changes might be here for good!?!”
Plus, the recent 2021 Census has just rolled on in…
… so what can someone who studies the changing structure of human populations tell us about HOW this will affect the future demand for property!?!
Well, step right up Simon Kuestenmacher! Aside from working directly alongside Bernard Salt (yep), Simon holds degrees in geography from leading universities in both Berlin and Melbourne and has also worked for several years as a business consultant with KPMG Australia. … Oh, and did we say he is the most entertaining Demographer ever!?!
This expert does NOT disappoint. You’re about to get the most exciting Demography Degree of your life! (it’s much more fun than it sounds… PLUS you’re about to level up your property prediction abilities like nothin’ else! 😉)
Tune in now to find out the future of the Australian property market… it’s a ripper!!
Free Stuff Mentioned:
- Episode 314 | The Millennial Movement: How It’s Shifting Property Demand – Chat with Simon Kuestenmacher
- What You Need To Know About Launch Pad Suburbs
- Follow Simon on Twitter for more updates – @simongerman600
- The FULL AweGuest Series
Here’s What We Cover:
- 01:14 – Meet Simon Kuestenmacher
- 01:57 – Money conversations in Germany!
- 02:03 – Wise lessons from two parents who are authors!
- 03:13 – Money Karma…
- 05:12 – The best thing parents can do to teach their kids about Money!
- 07:52 – Is it possible to predict irregular cashflow?
- 12:32 – “Minimal Happiness” – What is it?
- 17:23 – CENSUS TIME – What does this mean for a Demographer?
- 21:11 – Is OLD Census data immediately irrelevant?
- 23:22 – How does Australia rank internationally?
- 24:48 – Why should investors CARE about Census results?
- 27:47 – The Fried Egg vs The Scramble Egg!
- 30:07 – How COVID has dramatically affected the CBD!
- 33:30 – “The yolk needs to reinvent itself…”
- 36:11 – Are all businesses headed towards the unique Google office?
- 38:26 – The COVID Generation & “The Bottom Drawer of Masks”
- 38:59 – Like Deleting The Uber Eats App: Australia’s border closure
- 41:28 – How the TAFE system comes into play…
- 42:47 – Key trends coming out from The Knowledge Economy…
- 48:58 – Has COVID made Aussie’s drink more alcohol than ever before!?!
- 52:04 – What drives Australians more than anything else?
- 52:46 – What are we seeing with Melbourne’s CBD?
- 55:31 – The trend to regional – is it here to stay?
- 56:23 – “Extreme commuting distance from the main job cluster” – Err, what happens if you cross that threshold?
- 58:42 – What would drive someone to live in, say, Warrnambool?
- 1:00:10 – Which regional centres will FURTHER increase in growth?
- 1:02:03 – The ‘Donut’ That Massively Impacts Where To Invest In Property!
- 1:04:01 – The Goldilocks Zone for the Australian City…
- 1:05:47 – The Future of Launch Pad Suburbs!
- 1:07:43 – The Mass Exodus To Queensland – Is It A Boom & Bust?
- 1:19:33 – Simon’s Life Hack!
And our community’s questions!
Question from Maggie on The Trend towards Regional Australia
Hi thanks for bringing on some awesome guests for the AweGuest edition. This is a question for Simon, I’d be interested to know based on recent trends with the move towards Regional Australia and increasing prices across Regional Australia, do you see this trend continuing or is it just a kind of a kickback or a side effect of COVID?
Question from Julia on The Donut Theory!
Hi there Simon. Hi there Bryce. I’m thrilled that the topic of demography is up again it was my favorite subject at uni and I loved it on Simon’s last visit to The Property Couch. B&B have described a donut? In terms of housing in the city centre; meaning the centre of the donut is to be avoided for investment purposes. I was wondering Simon if that is true for all other capitals in the world for example London and Paris? I have bought a place in the heart of the city of Sydney that is certainly not doing much while international borders are closed. It has, however, been consistently rented albeit for reduced rent. I’m just wondering where what your thoughts are in terms of buying CBD for residential investment purposes, and what you think of the notion of the donut? Look forward to hearing your response.
Quesstion from Mirela The Exodus North to Queensland
Hi Simon my name is Mirela. I have a question in regards to the exodus of population towards North most likely Queensland. They have quite few projects in the pipeline possibly in Olympia, you know far away in the distance. Do you think that is sustainable? It has been something similar, a shift in population towards Queensland and Western Australia due to the mining boom but that eventually crashed during that time. How do you now compare this new opportunity for Queensland with the opportunities in the past when they open mines and so on? I hope this is clear; if not just come with the best insight that you have regards to this. Thank you so much!
Question from Dillon Next Growth Suburb
Hey Bryce and Simon. When looking for the next growth suburb what Data do you look for to identify the start of a growth cycle and where can you find this data. I’m currently subscribed to Corelogic‘s property value, but it’s limited data and I’m not sure what to look for. Cheers, Dillon