I’d think those of us in business and property would all agree that the last 10 years have been difficult to say the least! We have had a major realignment in the international economy and, even though Australia has fared well, we have still had to contend with issues; particularly our regional areas which have gone through a major adjustment.

Australia is different for other major economies, such as Germany, for example, which relies on a heavy manufacturing base, in that we are still a growing country with abundant opportunities ahead of us. Because our economy is mainly comprised of service based, farming and mining industries, the real value in our assets occurs when property prices rise due to our constrained supply of property as a result of the size of our economy. It is really simple, when property prices go up, Aussies feel rich and spend their money – either wisely or unwisely.

Many, in recent times, have chosen to start new businesses, particularly new business in areas where property prices have risen dramatically over the past 5 years. Tim Lawless, Head of Research at CoreLogic says that “since capital city dwelling values started to rise in June 2012, capital city dwelling values have increased by a cumulative 47.3%, ranging from a 74.9% capital gain in Sydney, to a net rise of 6.0% in Perth…since the beginning of 2009, Sydney dwelling values have more than doubled, rising by 104.5%”. Along with the rise in property prices, new research released by SGS Economics & Planning reveals that Sydney and Melbourne are driving the national economy. Their research noted that Sydney contributed 38.6% of all GDP growth in 2015-16, the highest since 1991-92. Sydney’s GDP represented 24.1% of national GDP for 2015-16. As I said, when property prices rise, people feel wealthy and those in business want to spend money on their business.

Now if you do not live in Sydney you may be scratching your head wondering how this benefits you. With every property boom in Sydney, we tend to get a similar, yet smaller boom in Melbourne and this stimulates industry. This does cause certain people to leave these cities and head to regional regions, as well as South-East Queensland or even Western Australia. This spreads the accumulated wealth across the country and eventually effects the wider economy across the whole country. This in turns, leads to increased interest rates, in the medium term. While the boom is spreading there are great opportunities to prosper in business and in property. Unfortunately, I don’t see great benefits in South Australia or Tasmania in the short to medium term. But even in these areas, there are always opportunities for those you are just starting out.

Steve Jobs never got up and gave a presentation that the economy was effecting Apple! There is always an occasion to see an opportunity, take an opportunity and power to the next level. Even if you are not feeling too rich at present, take the opportunity now before everyone realises the wave of economic growth is about to happen. If you do not know how to take advantage of your opportunity come and see us as at WSC Group.

I’d think those of us in business and property would all agree that the last 10 years have been difficult to say the least! We have had a major realignment in the international economy and, even though Australia has fared well, we have still had to contend with issues; particularly our regional areas which have gone through a major adjustment.

Australia is different for other major economies, such as Germany, for example, which relies on a heavy manufacturing base, in that we are still a growing country with abundant opportunities ahead of us. Because our economy is mainly comprised of service based, farming and mining industries, the real value in our assets occurs when property prices rise due to our constrained supply of property as a result of the size of our economy. It is really simple, when property prices go up, Aussies feel rich and spend their money – either wisely or unwisely.

Many, in recent times, have chosen to start new businesses, particularly new business in areas where property prices have risen dramatically over the past 5 years. Tim Lawless, Head of Research at CoreLogic says that “since capital city dwelling values started to rise in June 2012, capital city dwelling values have increased by a cumulative 47.3%, ranging from a 74.9% capital gain in Sydney, to a net rise of 6.0% in Perth…since the beginning of 2009, Sydney dwelling values have more than doubled, rising by 104.5%”. Along with the rise in property prices, new research released by SGS Economics & Planning reveals that Sydney and Melbourne are driving the national economy. Their research noted that Sydney contributed 38.6% of all GDP growth in 2015-16, the highest since 1991-92. Sydney’s GDP represented 24.1% of national GDP for 2015-16. As I said, when property prices rise, people feel wealthy and those in business want to spend money on their business.

Now if you do not live in Sydney you may be scratching your head wondering how this benefits you. With every property boom in Sydney, we tend to get a similar, yet smaller boom in Melbourne and this stimulates industry. This does cause certain people to leave these cities and head to regional regions, as well as South-East Queensland or even Western Australia. This spreads the accumulated wealth across the country and eventually effects the wider economy across the whole country. This in turns, leads to increased interest rates, in the medium term. While the boom is spreading there are great opportunities to prosper in business and in property. Unfortunately, I don’t see great benefits in South Australia or Tasmania in the short to medium term. But even in these areas, there are always opportunities for those you are just starting out.

Steve Jobs never got up and gave a presentation that the economy was effecting Apple! There is always an occasion to see an opportunity, take an opportunity and power to the next level. Even if you are not feeling too rich at present, take the opportunity now before everyone realises the wave of economic growth is about to happen. If you do not know how to take advantage of your opportunity come and see us as at WSC Group.