Greenrock

We are thrilled to welcome Karim Ford as our new Senior Advisor. With an extensive background in both residential and commercial real estate, Karim brings a wealth of knowledge and experience to our team. To learn more about our services and how Karim can assist you, visit our website 🔗 https://lnkd.in/gKZ9unbp #propertyinvestor #propertyinvestment #invest #properties #propertydevelopment #realestate #investmentproperty #realestateinvestors

Exciting Announcement: Abbey Holmes Joins Greenrock Advisory! We are thrilled to announce that Abbey Holmes has joined the Greenrock Advisory team! Many of you may already know Abbey for her remarkable career in the AFL/AFLW, both as a player and in the media. However, what you might not know is her deep passion for real estate and property investment, which makes her an incredible addition to our team. Abbey’s commitment to helping others achieve financial security through smart property decisions aligns perfectly with our mission at Greenrock. Her unique perspective and extensive experience will undoubtedly bring fresh insights and value to our clients. We invite you to watch the full video below, in which Abbey shares her journey with our CEO, Michael Mancuso, and her enthusiasm for real estate. 🔗 https://lnkd.in/gE-RvxFa

August 2024: The Sahm Rule -- In a nutshell: Recent jobs data has triggered the “Sahm rule” and sparked speculation that the US may be entering a recession. Questions have also been raised as to what the implications are for Australia should the US go into recession. Broadly-speaking; our sharemarket would likely experience volatility, but not necessarily for a prolonged period. Our property market on the other hand may indirectly benefit from rate cut by the US Federal Reserve (the Fed), as it would hasten chances of the same by the Reserve Bank of Australia (RBA). Lower rates would promote an acceleration in Australian property values. -- So, what is the Sahm rule? Claudia Sahm recently explained it best herself: “This rule, later named after me, is simple and highly accurate (historically) by design: When the three-month average of the US unemployment rate is 0.50 percentage point or more above the low of the prior 12 months, the US is already in a recession. Since 1970, the rule correctly indicates every recession and does not trigger outside of one.” Win Sahm, lose Sahm 🔘 US unemployment May 4%, June 4.1%, July 4.3%; 🔘 US is not in a recession yet but heading that way; 🔘 Recession not inevitable but Fed should cut rates. The slump in July triggered the Sahm rule and speculation that the US is either entering or already in a recession. With respect to the latter; Claudia believes that the Sahm rule is being overstated and that the US is not in a recession. She does however acknowledge that the increase in unemployment over the last year is disconcerting and the Fed should no longer delay cutting rates. She supports her view by highlighting that the current economic cycle is different to cycles past due to the unprecedent influence in supply and the labour market caused by the pandemic. Advance Australia Fair 🔘 A rate cut by the Fed would encourage the RBA; 🔘 Cuts to the cash rate would stimulate the market; 🔘 Australian property values would likely accelerate. It should be noted that whilst some volatility in the Australian stockmarket might ensue from a US recession, the impacts are unlikely to last long. -- YouTube 👍🏽 🔔📲 https://lnkd.in/gQRRXayX Commonwealth Resources Australian Bureau of Statistics | Commonwealth Treasury | Reserve Bank of Australia Further Resources and Reading Bloomberg | Bloomberg News | CNBC | Conferion | Council of Economic Advisers, The White House | Dough Financial | Federal Reserve Board | Greenrock®️ | Iress | New Century Advisors, LLC #LinkedInNewsAustralia #RBA #Recession #SahmRule #USFederalReserve

In 2021, Stavros and Toula made a few investments through GREENROCK Advisory... 📈⁠ ⁠ Since then, both of their investment have been generating impressive rental incomes ranging between $500-$600 per week along with significant property growth of $200,000. ⁠ Read more about their experience, or get in touch with us to learn about how we could help you on your own financial journey. 💬⁠ https://lnkd.in/gik_PFNh #propertyinvestor #propertyinvestment #invest #properties #propertydevelopment #realestate #investmentproperty #realestateinvestors

We're #hiring a new Appointment Setter in Greater Melbourne Area. Apply today or share this post with your network.

Have you been considering investing in Commercial Property? 🏢⁠ ⁠ Commercial property is increasingly becoming an investment of choice due to its strong yields and significant potential upside. Many residential property investors diversify into commercial real estate, often after reaching a ceiling in the residential market. The current interest rate environment has driven investors to seek higher yields and assets that cover costs, often making specifics commercial assets an ideal choice.⁠ ⁠ Read Joe's full article on our Website below 🔗 https://lnkd.in/gMP6VaFe #propertyinvestor #propertyinvestment #invest #properties #propertydevelopment #realestate #investmentproperty #commercial #commercialrealestate

EOFY 2023-24: GREENROCK®️ Housing Market -- In a nutshell: Australian home values closed the ’23-24 end of financial year (EOFY) reporting period on a high note. A turnaround from the previous financial year when values were down, dwelling prices have shown resilience in the face of high interest rates and low affordability. Weakening economic conditions have also failed to dampen value growth, although contrasts have continued to sharpen between capitals and amongst regions. Rental value growth continues to slow, driven by a softening of already-high capital city unit rents. -- Last financial year was meant to be a perfect storm against the Australian property market; the cash rate was lifted a year ago, held in place then raised again late last year for the rest of the financial year. Economic output and consumer sentiment alike have suffered throughout the period, as has productivity and any optimism for rate cuts. In spite of all of that; house prices continue to rise. Purchase Market Overview 🔘 Australian home values increased 8% over the 2023-24 financial year; 🔘 Results were a reversal from -2% decline in the 2022-23 financial year; 🔘 Outliers were Perth 24%, Brisbane 16% and Adelaide 15% for the year. The key feature of markets experiencing strong growth is a chronic shortage of properties advertised for sale, with the opposite true for areas on the other end of the scale. Interstate migration has also been a key driving factor behind accelerated growth trends and this is expected to continue for now. Growth in rents has continued to soften, albeit off the back of abnormally high growth in recent years. This is most apparent in the capital city unit sector where rental-fatigue has begun to set-in. The trend has become more apparent since late last year, coinciding with the most recent rate hike when it is likely that investment property owners began to pass-on higher ownership costs to renters. Rental Market Overview 🔘 Growth in rents slowed to 0.4% for the month and 8.2% over the year; 🔘 Results were softest since September and November 2023 respectively; 🔘 Slowdown driven by capital city unit rents which are 22% over 2 years.                                                          Overall, the key downside risk to the Australian residential property market remains interest rate uncertainty. It should be noted however that this risk has more to do with borrowing capacity than consumer sentiment, as recent buyer behavior indicates that demand continues to outstrip supply. __ Commonwealth Resources Australian Bureau of Statistics | Reserve Bank of Australia Further Resources and Reading AMP | ANZ | Commonwealth Bank | Conferion | CoreLogic Australia | Dough Financial | GREENROCK®️ | NAB | Westpac #HousingMarketUpdates #LinkedinNewsAustralia #Outlook2024 #PropertyInvestment #RealEstateInvestment

What does the latest Australian housing market data mean for GREENROCK®️ and our clients? In our July 2024 update Asif Malik provides an overview of the: 🔘 Most recent financial year; 🔘 Outliers in value growth; 🔘 Changes in the rental market. Want to know more? Call us on 1800 742 742 or reach out here: https://lnkd.in/gik_PFNh #greenrock #housingmarketupdates #propertyinvestors #realestate

July 2024 Update: Unemployment Rate -- In a nutshell: Reporting by the Australian Bureau of Statistics (ABS) indicates that domestic unemployment has remained largely unchanged this year. Whilst this is broadly viewed as favorable in the face of high interest rates, it is problematic for the Reserve Bank of Australia (RBA). The Bank has indicated that rate hikes cannot be ruled-out unless unemployment rises further. Given that private-sector growth has already stalled, further rate hikes would mean further tests on Australia’s fatiguing economy. -- “Jobs can change a lot without there being huge changes in employment rates.” – David Autor -- Take two of your digits, place them on the screen you are viewing the ABS unemployment trend line on and zoom-in on 2024. You will see a flat line that is both a depiction of the unemployment rate and symbolic of economic growth in Australia this year. On this basis, many would argue that the RBA has done its job and monetary-tightening can ease; at least, in theory. The Bank has sought to increase unemployment to the point that consumer confidence and spending alike are muted, curbing inflation. The RBA’s target unemployment rate is yet to be met however, meaning that we may yet be faced with further rate hikes to help expediate the metric. The trouble is that whilst private sector unemployment remains weak, the non-market sector – particularly healthcare - is responsible for any meaningful employment growth. This aligns with data which indicates that inflation is coming from essential spending, such as healthcare – and not because businesses are booming. In fact; the opposite is true, as evidenced by hours worked. Employment Overview 🔘 Unemployment remains largely unchanged in 2024 at 4.1% in both January and June; 🔘 50K jobs were created but there are also around 10K additional unemployed people; 🔘 Participation rate 0.1% with hours worked traded from private to non-market sector. Advertised Jobs Data 🔘 Number of advertised jobs down almost 2% for the month and -17% over 12 months; 🔘 Leading jobs website measure of candidate availability, number of applicants up 3%; 🔘 Advertised salaries remain aligned with ABS wage price index at 4% but are softening. Overall; our economy is headed toward what is known as a soft landing. It is widely-expected that although the latest unemployment data will be a consideration at the next RBA meeting in August, the major influence on an interest rate decision will be the June quarter inflation data. -- YouTube 👍🏽 🔔📲 https://lnkd.in/gyvkGR9x Commonwealth Resources Australian Bureau of Statistics | Commonwealth Treasury | Reserve Bank of Australia Further Resources and Reading ANZ | Commonwealth Bank | Conferion | Dough Financial | GREENROCK®️ | Macrobond Financial | NAB | SEEK | The Australia Institute | Westpac #AustralianEconomy #Economics #Employment #Inflation #InterestRates #LinkedinNewsAustralia #Unemployment

Considering Investing in Regional Victoria? 📈⁠ ⁠ Regional house prices are expected to hit record highs in almost all parts of Australia in the next 12 months, Victoria’s regional housing market continues to offer affordability, strong rental returns and capital growth. ⁠ ⁠ GREENROCK Advisory has strategically secured exclusive access to a diverse array of land parcels across regional Victoria.⁠ ⁠ Learn more by getting in touch through our Website below: 🔗 https://lnkd.in/gik_PFNh #propertyinvestor #propertyinvestment #invest #properties #propertydevelopment #realestate #investmentproperty