ABC's 7:30 Report interview Catherine Cashmore

10/05/2017

Will the budget's housing affordability measures work?

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Last night Treasurer Scott Morrison announced various measures he claims will put downward pressure on house prices. But will the plan work?

Transcript here

Excerpt:
CATHERINE CASHMORE, PROPERTY RESEARCHER, PROSPER AUSTRALIA: If we came here at night-time, there would probably be a lot of apartments where there's a good proportion of the apartment with the lights off.

JULIA HOLMAN: The Government has pledged to crack down on vacant properties, putting a levy of at least $5,000 on vacant homes owned by foreign investors. Property researcher Catherine Cashmore says there's thousands of empty properties in the Melbourne CBD.

CATHERINE CASHMORE: In the last report we did, we found around 80,000 that are potentially vacant over a 12-month period. If you're using Melbourne as a benchmark, then I would imagine this is a phenomenal problem nationally.

It's hopeful that the $5,000 levy on empty property will bring more properties onto the market, but the levy is pretty low. So whether there will be some investors that will decide to take the hit of the levy, rather than rent their property out: that's a possibility also.

JULIA HOLMAN: Other changes will affect foreign investors. New developments will now have to be at least 50 per cent Australian-owned.

CATHERINE CASHMORE: It's important that our real estate and our premium urban land is utilised for the domestic market. So that is a good policy to have.

That means that a proportion of properties that are built have to be sold to the domestic market. And when we have buyers that are trying to get into the market and they can't - and we hav

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Cashmore & Co are experts in market cycles and property investment 

Catherine Cashmore has accrued many years experience working in the Australian real estate market. She is President of Australia's oldest economics organisation (Prosper Australia) and has lectured widely on the real estate cycle and the economics of land.

it's this knowledge that sets Cashmore & Co apart from other real estate agencies. 

Cashmore & Co won't 'spruik' the market, or try and convince you that it's always a good time to buy.

Rather, Cashmore & Co use their expertise to assist investors, home buyers, and developers to make wise decisions based on their individual budgets and unique circumstances. 

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Many of our clients benefit from insider secrets we have gleaned from years of experience that buyers, sellers, and developers, simply do not have access to. 

You can’t help but accrue this kind of on-the-ground knowledge when you’re involved with literally dozens of purchases and sales each year.(And also when you have a rare knowledge of the long-term property cycle as your framework.)

Whether it’s getting into a suburb you thought was out of reach, saving a hundred grand by avoiding a too-good-to-be-true apartment pitch, or getting a foot through the door in a hot market, Cashmore & Co has all the practical property ‘hacks’ to place you ahead of the competition.

Investors not only gain assistance with their property investments; with Cashmore & Co they have access to a treasure trove of advice and strategies that help extract the maximum amount of wealth creation from the 18-year cycle that you will not get anywhere else. 

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About Catherine

Catherine Cashmore

Owner & Director

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Catherine Cashmore has been working in the Australian real estate market for over 14 years.

Originally from the UK, and having also lived in the US, Catherine has extensive experience across a range of international real estate markets.

As a buyer and seller advocate, Catherine has assisted hundreds of home buyers, investors, and developers, find, assess, and negotiate, quality real estate for great prices throughout Australia.

She is President of Australia's oldest economics organisation, Prosper Australia - an organisation that has conducted vast amounts of research into the economics of land, market cycles, and the intricacies of how tax and government policy affect the markets.

Catherine is a regular and highly respected media commentator. She has often been called upon to guest lecture at universities and educational institutions (including RMIT and Sydney University) on how tax policy affects the real estate market, the design of cities, and the economy.

She is the editor of Fat Tail Investment Research's Cycles, Trends, & Forecasts, Catherine Cashmore's Land Cycle Investor, and Catherine Cashmore's Real Estate Wealth Course – publications that teach real estate and stock market investors about the land cycle, its impact on the economy, and how to create wealth from property and stocks using this knowledge.

She is also one of the former editors of the extremely popular The Daily Reckoning Australia (or the ‘DR’ as it's affectionately known to its 60,000 subscribers).  The DR is an independent financial news broadcaster that has been in the business of reporting financial trends that shape the economy since 1999.

Previously authoring the annual ‘Speculative Vacancies’ report, the only study in the world that analyses long-term vacant housing based on water usage data (Australia-focused), Catherine has an in-depth knowledge of the Australian real estate market and economic environment few can rival.

You can contact Catherine directly on 0458 143 089 or at cc@cashmoreco.com.au 

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