QLD Applications after 10 July 2012: 8c/kWh (AGL:16c/kWh & Origin Energy: 14c/kWh)
Doesn't sound like many people will take up solar panels now.
Funny thing though: I went through the numbers on a house on the SC (with very good characteristics for solar and which uses quite a lot of juice) twice.
Went through the quoting process once in late 2011 when the 44c FIT would have applied for a system up to 5KW and again in late 2012 when the 8c FIT would have applied.
In the meantime, the cost of solar panels and associated equipment had dropped so much that the payback for a 5kW system was almost unchanged at between 4 and 5 years.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
BY:GREG BROWN From: The Australian August 24, 2013 12:00AM
THE dream of buying a home for the first time is slipping away in NSW and Queensland. Buyer numbers plummeted 44 per cent in NSW in the year to June and hit an all-time low in Queensland.
In Western Australia, new buyers soared to 19,946 -- the second highest number on record, according to Australian Bureau of Statistics figures. It was the first time Western Australia has had more first-home buyers than NSW and Queensland, where state government grants programs were cut in 2011 and 2012, MacroPlan Dimasi chief economist Jason Anderson said.
In NSW, the stamp duty concession was removed in 2011 and the first-home buyer grant was limited to new dwellings a year ago....
The Brisbane housing market continues to record gradual increases in housing market activity, according to Australian Property Monitor's latest housing market report.
"Following a surge in activity last year due to local changes in the first home buyers grant, first home buyer levels are unsurprisingly at their lowest on record," the report says.
"Buyer activity in the lower-price ranges, particularly in the outer-northern suburbs, remains subdued.
"Properties in Brisbane’s established inner and middle ring suburbs however remain popular with buyers, with investors attracted by high yields, rising rents and solid capital growth potential."
The report found Brisbane’s median house price rose by just 0.3% over the June quarter and was up by 1.8% over the 2013 financial year.
"Brisbane has recorded four consecutive quarters of house price growth for the first time in three years, although the increases have been incremental. Brisbane’s median house price remains 6.7% below its previous price peak, which is the worst performance of all the capitals."
"The local Brisbane economy can be expected to provide one of the best performers over the medium-term, with benefits from the lower dollar translating into increased activity in the mining and tourism industries and also attracting international investment.
"The expected surge in jobseekers from the southern states will lift population significantly in South-East Queensland."
"The expected surge in jobseekers from the southern states will lift population significantly in South-East Queensland."
Why would jobseekers leave the southern states to go to Brisbane?
Why is it an expected surge? Just because it's expected that mining and tourism will surge?
Queensland has a population of approximately 4,675,000 people and @ 5.9% unemployment, thats about 275,000 unemployed people. (the chart in the link is for Brisbane only, at 5.2%)
Wouldn't most of the new jobs be filled with people already in the state, looking for jobs?
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
Queensland has a population of approximately 4,675,000 people and @ 5.9% unemployment, thats about 275,000 unemployed people.
And 90% of them are made up of junkies, dealers, whores, bikies and surfers. The real unemployment rates is much lower when you take the black market into consideration.
Brisbane offers the best investor opportunities in the country, according to leading Sydney real estate agent John McGrath.
If buyers can get physically get to Brisbane and have a look around then now is a good time to buy, McGrath told the audience at the Property Millionaires Tour in Melbourne on Friday which Property Observer attended.
“I can think of no better city other than Brisbane over the next five years, it’s great,” McGrath said.
“But you will have to have the ability to get up there and research it and become an expert in that market. If you don’t have that ability I’d stick closer to home in Melbourne.
“If I was investing today, if someone gave me $1 million today, I would be looking at either Melbourne, Sydney, Gold Coast or Brisbane. They would be my four choices.”
He says the Gold Coast is a good option but there can be significant movement.
“Gold Coast has been hit very hard but while it comes down very quickly but it can go back up very quickly. We have seen prices go for 40% or 50% from the top, it’s now stabilised and we’re seeing it get a bit better up there so we think that’s a good market.”
“The Sydney market under $1 million is leading the way around Australia. The Melbourne market is good, Hobart is terrible at the moment, Gold Coast has been struggling but I think represents some great buying opportunities going forward. Perth is good at the moment but is quite cyclical.”
He says Sydney and Melbourne are both looking strong in the sub $1 million market.
“If you were up in the Gold Coast you would say the strength is under $600,000 and in Brisbane it’s at $750,000.”
In Februrary McGrath opened his fourth real estate office in Brisbane within nine months.
In his autumn property report he tipped Brisbane for a recovery driven by strong employment and population growth coupled with a supply shortage and rising rents.
John "In his autumn property report he tipped Brisbane for a recovery driven by strong employment and population growth coupled with a supply shortage and rising rents."
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy