We have seen a couple of very good years at HtAG. The organization has experienced substantial growth — we have gone from 200 subscribers in 2018 to an excess of 1,700 this year. There are many new features in the pipeline and we are also looking at expanding internationally, bringing data science to property investors in New Zealand and Asia.
On that note, we are ecstatic to announce that Vedran Maric has been appointed to the role of Head of Finance and will be joining the HtAG board of directors. Mr. Maric has spent the last 11 years with Citibank Australia undertaking a variety of senior roles.
Named after the 16th Governor-General of Australia, Lord Casey, the municipality came into existence as a result of the merger between some parts of the City of Berwick, Shire of Cranbourne and the City of Knox. Being the most populous city in Victoria, Casey City has a thriving real estate market with a big demand for houses to both own and rent as well as a somewhat smaller demand for units.
A decade of economic boom encouraged businesses in the metropolis to expand, hiring staff from outside the city as the local workforce was fully employed, causing the real estate market to experience property shortages and rising prices. Developers, encouraged by house price predictions, invested heavily in new housing projects. However, as the economy cooled, expected median prices became unaffordable. While there is still population growth and demand for housing in the area, the double-digit growth in prices expected by majority of developers have proven to be unsustainable and now prices are falling. However, there is still capital growth available in Greater Sydney for those who can spot the best suburbs to invest…
The ability to appropriately estimate the value of your home can help you with determining if your investment has appreciated in value. You can use that information to inform your decision on whether to sell now or wait. If you plan to keep the property as a rental, its estimated value can also assist in calculating how much to rent it for.
The past 10 years has seen exponential growth for Greater Geelong with percentage change overall ten per cent higher over 10 years from 2009 – 2019. The graph below shows media price changes with periods of neutral growth in 2012. Growth stabilised from 2014 – 2016 at approximately four per cent year on year. In 2016, price growth accelerated from four to almost 13 per cent. In the past 15 months, price growth has slowed by approximately five per cent and will continue to decrease.