News

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


Category Archives For: Melbourne Real Estate News

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 – Upzoning

We have just released our latest Secret Agent report!

Affordable housing is an issue many cities are currently facing. Upzoning is a potential solution to the issue, however prominent geographer Michael Storper suggests that upzoning actually makes housing more expensive.

The process in which zoning restrictions and building codes are removed to allow for higher density housing is called upzoning. Upzoning as a definition is simple. However, the deregulation of land zoning has consequences that are much more complicated to predict.

In this report, Secret Agent will take a deeper look into upzoning and how it has been impacting property markets in various cities of the world.

Access the Upzoning report now!

 


The Secret Agent Report – The Driverless World

We have just released our latest Secret Agent report!

It would be hard to imagine a time without cars on our roads. They have changed our lives in many ways, especially in terms of where we choose to live.

In a similar way, it is hard to imagine a time when we will be able to jump into a car and go anywhere we desire, without having to be driven by someone or drive it ourselves.

Autonomous vehicles are a part of our future, whether we like the idea of them or not. They will likely impact all of us in some way. This issue of The Secret Agent Report will look at the potential impact autonomous vehicles may have on the city and on property prices.

Access The Driverless World report now!

 


The Secret Agent Report – Digital Cities

We have just released our latest Secret Agent report.

The predominance of technology in our everyday life has rapidly increased over the past decade. From smartphones to smart homes, spearheaded by products like Google Home and Amazon Alexa, Information and Communications Technologies (ICT) are beginning to look like an unavoidable part of modern life.

The predominance of ICT is not solely confined to the personal sphere. Governments and companies are also responsible for an ever-expanding digital infrastructure, particularly in cities. This “digital skin” is made up of millions of sensors which create vast amounts of data on everything from consumer habits to traffic patterns.

In this report, Secret Agent offers an outline of the digitisation of cities, and what the implications of this might be for the future. We primarily draw on a 2014 paper by Chirag Rabari and Michael Storper, but also bring in research from elsewhere.

Access the Digital Cities report now!


The Secret Agent Report – A Turning Point Year: Reflections on 2018

We have just released our latest Secret Agent report.

2018 was quite a turbulent year for real estate, both in Melbourne and many other parts of Australia. Stagnation and negative growth have been touted as being the beginning of a property crash.

This month, Secret Agent will analyse indicators and metrics which affected the Melbourne property market in 2018, including Australian bond yields, auction clearance rates, housing prices, household debt and negative gearing changes. We’ll also discuss how they are likely to affect prices further into 2019.

Access the Reflections on 2018 report now!


The Secret Agent Report – Philip Lowe’s Perspective on Banking Crises

Happy New Year! We have just released our latest Secret Agent report.

Moments in history like now, it’s important to take stock and get into the head of Australia’s most important financial person. Head of RBA: Philip Lowe. 

The Royal Commission’s upcoming report into banking is likely to be a huge deal for banks and future lending practices. Risks remain for banks to be heavily wounded from these findings. 

In this report, Secret Agent wanted to look into Mr Philip Lowe’s views on banking crises. 

Access the Philip Lowe’s Perspective on Banking Crises report now!


The Secret Agent Report – The Zoning Effect

Detroit is largely composed, today, of seemingly endless square miles of low-density failure.” – Jane Jacobs

We have just released our latest Secret Agent report!

variety of forces affect the real estate market, one of which is zoning controls: local government policies that control the supply of housing in some way. Although they may provide benefits, these controls also push up the price of housing.

In this report, Secret Agent will break down the findings of a recent RBA paper by Ross Kendall and Peter Tulip on the zoning effect.

Access The Zoning Effect report now!


The Secret Agent Report: State of Apartments

We have just released our latest Secret Agent report!

“There is now around one occupied apartment for every five occupied separate houses in Australia – compared with one to every seven, back in 1991.” (ABS, 2017)

Apartments are increasingly popular living options for owner occupiers and tenants alike. They are located in some of the best positions, close to schools, transport, work and lifestyle precincts. They are well suited to a variety of audiences, from young professionals entering the property market to retirees looking to downsize, to office workers who want to cut down on transport time, to students who want to reside close to university.

In this report, Secret Agent will take a look at the state of the apartment market in Melbourne and Australia in general.

Access the State of Apartments report now!


The Secret Agent Report: Generation Z

We have just released our latest Secret Agent report!

They are the latest generation to enter our property market. Generation Z, or those born between 1995 and 2010, are coming of age and many of them will begin their property experience as renters, investors and home owners over the next few years.

For this report Secret Agent decided to take a look at this particular generation in order to get a better idea of their preferences and what this may mean for other buyers and sellers alike.

Access the Generation Z report now!