5 minute read
Sport and Fishing………. 32 to
to be caught as well. The gu ers in close, have started to see an increase in both bream and whi ng, as the sea temps start to slowly creep up. Baits of worms, pipis and live nippers all work to temps a bream or whi ng to bite.
Offshore. Good snapper have been reports as well as nice sized sand and ger flathead, with a definite preference to early morning session before the winds pickup around lunch me.
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Look to the magic 30-40m mark for the snapper, and don’t forget to give the ar ficial reef in 40m of water a good look at. With a healthy bait fish popula on already, we can expect to see snapper and hopefully kingfish around this year. Nothing to report on the game fish scene this week again, sorry. The store is star ng fill up with Xmas stock constantly coming in, we are almost ready for the hoards of holiday visitors to descend upon us this year. We welcome you all today is a visit if you are planning a trip down to our li le slice of gods country. We have our new range of Kings Adventure camping and four wheel driving gear now in store, a perfect Xmas present for someone who enjoys the outdoors and 4wd scene.
We are well stocked with all our usual dive and snorkelling gear, so in ge ng wet is your thing, we have you covered. There is plenty of fishing gear to suit everyone, from the new angler to the seasoned old salt. If you are looking for Xmas presents, and are unsure what to get, don’t forget that we do gi vouchers to what ever dollar value you wish to spend. Stay safe everyone and remember, “everyday’s a good day for fishing…” Team Tackle World Moruya.
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Property Market – 2030 Prediction
As we have reported previously, some media would have you believe the property market is all gloom and doom. And yes, it certainly has slowed down compared to the heady days we have seen over the previous 2-3 years. But what are some people forecasting about property prices as we head towards 2030?
A recent article in the Daily Telegraph said that modelling provided exclusively to them (by PRD Nationwide) “showed the property market will rebound from the current market downturn with strong price growth over the next decade.”
The article made many very interesting predictions which certainly doesn’t paint a gloom and doom picture for those that currently own property. Unfortunately, the same can’t be said for those still trying to get into the market as it indicates that housing affordability will continue to remain a major issue.
We all know that Sydney is currently the most expensive Australian city to buy into, being close to $300,000 higher than in Melbourne. Interestingly, demographers are now predicting that Melbourne will overtake Sydney as the country’s most populated city by 2030. However, it is predicted that it will be the Gold Coast that will usurp both Sydney and Melbourne as the priciest market for house buyers by 2030.
The modelling also predicts that house prices (in capital cities) will on average be approximately double what they are now. So, what do they think is driving this growth? The key factors will be “rising migration, a soaring city economy and developers not building new homes fast enough to meet demand.” It is predicted that units will be the likely entry point for most buyers in 2030 as “there are thousands of new apartments getting built but hardly any new houses”. So once again we are seeing the classic market influences of supply and demand being the key influencer on the property market.
We don’t usually reference other agents in our column, however the article had some very interesting comments from an agent in Hunters Hill (Sydney) which we think are very relevant for buyers in our market as well.
McGrath Hunters Hill partner Benjamin Mulae said it would be prudent for home seekers to keep in mind that property prices would go up in the long-term even if they are currently dropping.
“A lot of buyers become a little too focused on price drops. They keep waiting for the best time to buy, but sometimes you can only see when that right time was after it has passed. By then it’s too late,” Mr Mulae said. “Buyers have to remember it’s not just about the property cycle. It’s about the opportunity in front of you. When the right property comes along, and it’s the right time for you, that’s the best time to buy because historically prices go up over the long term.”