News

The latest happenings in the Melbourne property market. For our Essays and The Secret Agent Report, see our Research page.


Category Archives For: Health

The Secret Agent Report – Shifting Preferences

We have just released our latest Secret Agent report!

Change is the one thing that is a constant in our lives. Sometimes we are forced to change, other times we evolve naturally.

There is no doubt that all of us have been forced to change how we do things in recent months as a result of COVID-19. Quarantine has meant new habits have been put into place, many of these may stay around even after the virus dissipates.

This report, Secret Agent will look at some of the things that may change in terms of property preferences as a result of the time we’ve had to spend in quarantine.

Many of these changes will likely be amplifications or deviations of existing trends, rather than dramatic shifts, as will be discussed.

Access the Shifting Preferences report now!

 


The Secret Agent Report – Rent Shock

We have just released our latest Secret Agent report!

What started out as a health crisis in Wuhan China has quickly become an unprecedented global problem. The implications for people’s health and the overall health care system is dire. Financial markets have been left reeling as the lock downs have created large revenue disruptions to businesses; the forward-looking nature of markets—its speciality—is struggling to price what remains an uncertain future.

Australia, has been tremendously successful thus far, of containing the virus. Thanks to our lucky geography—an island continent—and an adhering society, that has accepted the current social distancing measures implemented by the Government. Yet, our main weapon: social distancing—creates an economic problem; particularly within the commercial property market.

Landlords, Tenants and Banks are in a bind. Social distancing has rendered many commercial properties unusable, while the underlying financial commitments remain in place. The Morrison Government has implemented a mandatory code that landlords and tenants must adhere to. Yet, the situation remains a precarious one. This report examines the impact of COVID-19 on commercial property. Will the current impact on commercial leases survive the downturn, or will the current social distancing methods cause deep problems for commercial property that could threaten the wider economy? We do our best to examine the issues at hand and what can be expected to follow as we approach “the other side” of the virus’ impacts.

Access the Rent Shock report now!

 


The Secret Agent Report – Coronavirus

“While progress in infectious disease prevention, control, and treatment has improved our ability to respond to such outbreaks, globalisation processes relating to human behaviour, demographics, and mobility have increased the threat of pandemic emergence and accelerated global disease transmission.”

(Krewski et al, 2016)

We have just released our latest Secret Agent report!

In a range of ways, globalisation can be seen as a something of a double edged sword. On the one hand it enables the expansion of businesses into new locations, increases shareholder wealth, makes travel easier and enhances the rapid exchange of ideas and technology across the globe. On the other hand, it has resulted in increasingly distorted social hierarchies, expansive fossil fuel usage, and the swifter, more pervasive transmission of both mental viruses (such as terrorism), and infectious disease.

When the newest (yes, we have actually been historically exposed to them) coronavirus initially broke out, it seemed distant enough not to worry about, unless you had travel plans to China.

Skip forward just a month and it has quickly spread enough to force many people to cancel their travel plans and stock up on essential supplies. The economy, as well as the sporting world, seem almost certainly to be highly affected by the virus.

In this report, Secret Agent will consider some of the downstream effects of the new coronavirus outbreak.

Access the Coronavirus report now!

 


The Secret Agent Report – Water Views

We have just released our latest Secret Agent report!

There’s certainly something about water that makes us feel good, both physically and mentally, but how does water relate to real estate? What part does water play in determining the perceived value and the actual price paid for a property?

In this report, Secret Agent will discuss water and the value it can add to property.

Access the Water Views report now!

 


The Secret Agent Report – Natural Light

More and more, so it seems to me, light is the beautifier of the building.”
– Frank Lloyd Wright

We have just released our latest Secret Agent report!

Natural light in our homes connects us to nature. In our increasingly built up cities and suburbs, lack of natural light is becoming more of a problem. This is compounded by the fact that people generally spend more time indoors and less time in natural settings exposed to sunlight.

This month, Secret Agent discusses why and how natural light in our built spaces is critical for our own health and wellbeing.

Access the Natural Light report now!

 


The Secret Agent Report – Walkability and Greenery

We have just released our latest Secret Agent report.

Secret Agent has intensively investigated the impact that location and environment has on property value in the past.

In this report we summarise our research on two of the most important factors which influence what a good location is: walkability and greenery.

Access the Walkability and Greenery report now!

 


The Secret Agent Report – Healthy Occupants

We have just released our latest Secret Agent report.

In this report, Secret Agent will summarise some of the common issues within buildings that influence the health of its occupants.

We have previously discussed things like light and noise in our reports on health. This report will consider issues other than these including cramped spaces, greenery, water damage and emissions from building materials.

Access the Healthy Occupants report now!


The Secret Agent Report: Wildlife

We have just released our latest Secret Agent report!

There are various types of open space and not all of them are equal in terms of the value they provide. If you had to choose out of being close to Carlton cemetery versus Royal Park, which is only on the other side, most would choose Royal Park. Similarly, most would prefer to be next door to a vacant block full of neatly manicured plants compared to just a vacant block of land. Other than the obvious aesthetic differences, what else could make Royal Park more attractive to the cemetery?

Secret Agent has been pondering this question this month and has hypothesised that it is the wildlife and biodiversity that makes some of our open spaces within Melbourne so special. The more biodiversity, the more connected to nature we feel and the more we are willing to pay for property to be nearby this. It sounds like a far fetched idea but we are not the first to have thought of this. In fact it has been studied quantitatively in America.

This month, Secret Agent discusses wildlife and the potential impact it may have on property value.

Access the Wildlife report now!


Carlton North Homes Benefit from Bicycle Lanes

Drawing of a bicycle with a speech bubble containing a dollar sign next to it

Over 10,000 cyclists commute into Melbourne’s inner city every morning. Many popular routes are located along residential streets. Secret Agent wanted to find out if the presence of a bicycle lane had any impact on house sale prices within a suburb.  Read the full post