Thursday News and Trends
Give Me Land
The Australian Taxation Office’s Agricultural Land Register shows foreign investors held 13.6% of all Australian agricultural land at June 30, 2017. The 5 largest foreign countries owning agricultural land in Australia are: The UK with 16.3m hectares, relative new comer China with 14.2mh, The Netherlands 4.4mh, the USA 2.4mh and Canada with 2.1mh. By comparison with more than 4 million acres (1.62m hectares) between them, the cable and communication heavy-weights Ted Turner and John Malone are the largest landowners in the USA. Across the USA the largest 100 farm-land owners are dominated by private individuals.
People & Places Dashboard
A new People and Places Dashboard developed by the Department of Planning and Environment offers existing and potential residents an interactive snapshot of regions across NSW. The site includes full details of who we are now & who we will be in 20 years, the site is very easy to use and very informative. Anyone looking to buy a new home or apartment or invest out of their own area will find the site to be very useful: www.peopleandplaces.nsw.gov.au/
Towards 10 million
The NSW Department of Planning and Environment predicts that
the population of NSW is heading towards 10 million. Current projects predict a figure of 9.9 million by 2036 with 10 million not far behind, or even soon depending upon the state’s economic performance and level of immigration and natural births. A jump in either could see the 10 million figure sooner than we expect.
City Growth Regions
Sydney’s top 5 growth regions predicted to have the biggest population growth between 2016 and 2036 are:
- Parramatta: 238,850 > 416,750
- Blacktown: 349,050 > 521,450
- Canterbury: Bankstown 360,350 > 502,850
- Camden: 80,900 > 224,500
- Liverpool: 214,100 > 331,006 (jointly with)
The Hills: 165,500 > 290,900
Population Growth – Net Immigration
With lots of talk about the direction of housing prices it’s interesting to note that most commentators place a great deal of importance on the levels of net immigration into Australia as being critical to sustaining demand for housing. In 2015-16 there were 182,165 new arrivals, up from 176,865 in 2014-15, there was a dip to 180,400 in 2010-11, although the last peak in new arrivals was much higher at 300,000 in 2008-09. By contrast in 1993 net immigration was well below current figures at around 30,000 new arrivals. Figures from the ABS show that the proportion of Australians born overseas continues to reach new heights, with over 28% of our population born overseas.
Most Popular Home Renovation
Figures published by the HIA and ABS indicate that Australian’s currently spend about $40 billion a year on home renovations with the $50 billion mark expected to be passed in the next 10 years. And it’s very interesting to see that it’s ritzy and expensive Mosman on Sydney’s lower north shore where the most money is spent on renovations. The most popular renovations are kitchens, bathrooms, repainting, a new entrance and outdoor entertaining areas, these are also areas that consistently add value to a property when it comes time to sell.