How much does Christmas affect the economy?

By Inspiring Interns | December 2019

When you think of Christmas, you probably think of presents, family, and food. It’s probably quite unlikely that economics comes to the forefront of your mind. But perhaps it should. One of the biggest business implications of Christmas is economic – put more specifically, the massive increase in spending. Generally, Christmas is thought of as very beneficial to the country’s economy. Here’s how Christmas affects the economy.

A boost in production
In the months leading up to Christmas, there’s a huge increase in the need for manufacture. This is particularly prevalent in the toy industry, where the vast majority of sales happen in the lead up to Christmas.  In fact, a lot of the toy industry’s product development and timing is based around the Christmas period in order to maximize profits.

Black Friday and Cyber Monday
Once purely an American tradition, Black Friday and Cyber Monday have been gaining globally in recent years. The Friday and Monday following American Thanksgiving now make up one of the biggest shopping weekends in the calendar. Not only do people spend a lot at this time in the lead up to Christmas, but it’s essentially the biggest weekend for discounts in retail, too.

Temporary work
Many retailers and food and drink establishments require more staff to deal with the busier period in the lead up to Christmas. This is predominantly true for larger companies, who need to take on an abundance of staff to deal with online orders in particular. This leads to an economic boost, with businesses increasing their profits and temporary workers finding themselves with a little extra cash to spend.

Spending increases
What’s uniquely interesting about the Christmas period is that spending increases in pretty much every industry. Food and drink, consumer goods and homewares, plus entertainment all get a Christmas boost. Even industries like cinemas and pubs can reap the benefits of our spend-happy culture during this period.

Lessened productivity
Those who work in an office job will likely recognize the slowing down of productivity as Christmas approaches. The abundance of events and parties, alongside the increase in distractions and decrease in motivation, can mean that non-consumer based businesses can find December a bit of a struggle.

Christmas Day
The actual day of Christmas is one of the least economically important days of the year – most people don’t shop at all on this day. In fact, the majority of big businesses aren’t even permitted by law to open on Christmas day. There is a slightly increasing trend for afternoon online shopping for those who want to get in on the January sales early.

Boxing Day sales
Contrary to some expectations, the period immediately after Christmas doesn’t reflect a prompt drop in spending. This can be mostly attributed to the Boxing Day and January sales. Although these sales have taken a slight hit thanks to the growth of Black Friday and Cyber Monday, they are still some of the premier shopping events in the UK & Australia. Many take them as an opportunity to spend their Christmas money, or as a sort of “last hurrah” in terms of holiday excess.

January cutbacks
Post-Christmas, the vast majority of people experience a bit of metaphorical belt-tightening. The excesses of Christmas are over, and pretty much everyone has overstretched themselves. January is one of the lowest periods in terms of spending, as everyone beings reigning themselves in following the Christmas hysteria.

This year, Andrew Mackenzie, Paramount Private Estate Sales Manager, is hoping to make your Christmas even more special, by providing you with the opportunity to snatch up some prime reality here in Baldivis, just a short drive from the ocean.

Paramount is situated at the southern end of Baldivis Road and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

Mr Mackenzie added “Paramount offers terrific value for money. Plus, homebuyers at Paramount will also receive a fencing and landscaping bonus, so they can get into their new homes quicker!”.

“A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.”

BUY NOW WHILE THESE GREAT SITES ARE AVAILABLE!

Paramount Private Estate Baldivis offers elevated, family-sized blocks with views with 480sqm lots available from $185,000! This is amazingly good value for larger sized lots, which makes it easy to understand why they are getting snapped up!

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.auto find out more.

Homebuyers can now borrow more! — Michael Roddan | July 2019

Tens of thousands of prospective home buyers are set to flood the housing market after financial regulators removed the shackles from lenders, allowing borrowers to super-size their loans.

Under the shake-up — unveiled yesterday by the Australian Prudential Regulation Authority (APRA) — borrowers will be able to access mortgages 14 per cent larger in a move experts say will reignite the housing boom.

UBS economist Carlos Cacho said households on an income of $200,000 a year could boost their loans by an extra $150,000 to $1.25 million if they gained a leading market interest rate.

Mr Cacho said for households on a combined income of $125,000 a year, maximum loan sizes would jump by $90,000 to $765,000 while the typical household, on a combined income of $85,000, would be able to secure an extra $30,000 in their loans.

Under the new rules, lenders will be free to offer bigger loans to borrowers who previously couldn’t clear a hurdle requiring them to manage mortgage repayments, if interest rates were to rise above a hypothetical minimum of 7 per cent. As part of the new “go easy” attitude to financial regulation, the banking sector will have the freedom to set their own interest rate floor to assess customers.

The new floor will be set at 2.5 per cent above the banks’ standard variable rates, a move that will help funnel customers into larger loans.

Josh Frydenberg said the overhaul would allow borrowers to establish a foothold in the property market and welcomed the decision from APRA to adjust its guidelines on home loan applications.

“APRA’s changes will make it easier for home buyers to obtain a loan by lowering the minimum interest rate against which applicants must be assessed.  This is further good news for home buyers and the property market.”

Cameron Kusher, an analyst at real estate research firm Core­Logic, said borrowing was “going to become a little more accessible”, although banks would remain cautious about lending to risky customers.

Property developers said APRA’s decision was sensible and would help lift construction and create jobs.

Master Builders Australia chief economist Shane Garrett said the restrictions were “one of the factors” that sparked falls in house prices. Dumping the requirement was “great news at a time when the potential exists for a recovery in new home building”, he said.

Property Council of Australia chief executive Ken Morrison said the measure was put in place at a time when house prices were booming.

“This is a sensible decision that reflects the reality of the current interest rate environment and housing market conditions,” he said.

The rate cuts are expected to add a jolt of confidence to the property market, which has been buoyed by the surprise Coalition victory. The passage of Scott Morrison’s personal income tax cuts this week is also expected to boost consumer spending and help revive the economy.

The Prime Minister has proposed a string of measures to encourage banks to lend more vigorously, including interventions to help bring down interest rates for small business borrowers, fewer restrictions on property investors, and a first-home buyers’ scheme that will help a small number of borrowers access loans.

Andrew Mackenzie, Estate Sales Manager at Paramount Private Estate Baldivis, said the news was a great result for homebuyers.

“We have already seen a pick-up in the market since the federal election, which has been great for interest in Paramount.  And now with interest rates dropping again for the second time this year, tax relief for middle income earners and this announcement by APRA, we should see even more positive sentiment flowing through.”

Mr Mackenzie went on to say, “the first land release at Paramount represents amazing value for homebuyers.  At $172,000 for bigger, elevated 450sqm blocks and views to the hills, pricing is not only very competitive, but it also offered terrific value for money. Plus, on top of the excellent pricing, Paramount will also provide homebuyers with fencing and landscaping bonuses, so they can get into their new homes quicker!”

 

Paramount is situated at the southern end of Baldivis Road, and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.  

A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.

THE BEST TIME TO BUY IS NOW BEFORE PRICE RISES NEXT YEAR OR SOONER!

Paramount Private Estate Baldivis offers 450sqm premium, elevated, family-sized blocks with views starting from as little as $172,000!  This is amazingly affordable, no wonder we’ve now sold over 25% of Stage 1!

Contact Andrew Mackenzie, our friendly Estate Sales Manager on 0419 904 790 or andrew@spatialproperty.com.au before they’re all sold out!

Kangaroos at Baldivis Estate Media Statement

Spatial Property Group (the Company; or Spatial) appreciates the matter of culling a ‘mob’ of kangaroos at its Paramount Estate in Baldivisi’s a sensitive issue for many people.

As an Australian company that’s based in Perth for many years, our people have grown up enjoying the outdoor lifestyle, from swimming at the beach in summer, to bushwalking and exploring many of our wonderful natural landscapes.

We absolutely understand the importance the kangaroo has in our culture and its proud heritage that is unique only to Australia.

Therefore this is not a statement to convince people against changing their beliefs, rather it’s structured to help educate people about the thorough process and work that have been undertaken to reach this environmental decision.

Timeline of key facts and milestones

1. In 2010 Spatial Property Group was appointed to manage the development of approximately 90ha of land in Baldivis about 40km south of Perth CBD

2. The land was historically a family farm that has reared a variety of animals from pigs, to chickens, cattle and even ostriches – it has always been privately owned

3. As part of the development process, a Fauna Management Plan (FMP) was required to ensure the integrity of the fauna would be reasonably maintained during construction

4. Since the project commenced a mob of approximately 100 kangaroos have moved to site due to development of the surrounding land as they were pushed off those properties

5. The FMP included a component to manage the kangaroos on site that they either be moved on or removed entirely to ensure the safety of workers and future residents

6. In early 2017, the original FMP was successfully completed and lodged with the relevant authorities, then Department of Environment and the City of Rockingham (CoR) to commenced stage-1 development

7. In the FMP the method agreed to manage the kangaroos was to slowly clear them by pushing them to the Baldivis Tramway nature corridor adjacent to the site to use as a migration corridor

8. However, during the stage-1 development we were advised by the CoR that they were no longer happy with the approach outlined in the FMP and they would not allow this to occur for any further stages of the development

9. We believe this decision may be as a result of one of the remaining kangaroos being hit by a car on the nearby Baldivis Road and causing a motor vehicle accident– after a meeting with CoR we were asked to address the situation and complied by erecting a temporary fence

The fence has ensured the kangaroos have remained on the site

-Almost 12 months later in early 2018, we agreed to produce an updated version of the FMP and therefore commissioned the expertise of kangaroo management, Perth-based Doctor Graham Thompson of Terrestrial Ecosystems

-Doctor Thompson is considered the preeminent and best Kangaroo management person in the State, he analysed the situation and produced a new recommendation on managing the kangaroos effectively in the updated FMP

-The recommendation was conducted in direct consultation with the approving authority the Department of Biodiversity, Conservation and Attraction(DBCA)

-Collectively, all parties agreed the most effective method would be to cull the kangaroos, as the ‘push them on’ or ‘dart and relocate’ scenarios both had several problems with conflicting territories, critical resource availability and low survival rates of the relocated animals

-The new recommendation was drafted and included in anupdated version of the FMP and was submitted and approved by the relevant authorities in October 2018

-To date the cull is yet to be carried out as the advice recommends the animals are put under duress in the hotter months of summer.

Conclusion

We understand the CoR and local community groups are seeking to have the animals relocated, however this defies independent and expert advice, in particular the detailed and rigorous process that has been adhered to and sanctioned by the government departments.

The advice received is that kangaroos that are darted, sedated and relocated, are likely to die a slow death due to starvation or to be easily predated upon by foxes, wild dogs, other kangaroo mobs, or to be killed on roads and tracks.

PREMIER Mark McGowan has this message for West Australians: buy a house now because the good times are coming back.

House price rise is on the cards says WA Premier Mark McGowan, as economy and confidence keeps improving.

Mr McGowan tipped a turnaround in the long-declining property market and a jolt to stagnant wages would follow hot on the heels of renewed business investment.

“It is actually a good time to buy (a house),” he said.  I would encourage people. Prices are low, yet economic activity is picking up and so that will inevitably be followed by (demand for) housing.

Exactly one year after The Sunday Times heralded early signs of life for WA’s stagnant economy, the results are in — and they are conclusive.

Data released on Friday showed the State’s domestic economy expanded 1.1 per cent in 2017-18, a remarkable turnaround after plummeting 7.1 per cent in 2016-17 and four consecutive years of decline.

Nearly every month this year has brought news of renewed activity in the mining sector.

Rio Tinto, Fortescue Metals Group and BHP have all announced new workforce-hungry iron ore projects and the State now boasts seven lithium mines, with a second $1 billion lithium processing plant on the way near Bunbury.

Mr McGowan said he had not felt more confident about WA’s economic prospects since sweeping to power early last year.

READ MORE

The best views in Baldivis are ready and waiting for you

Paramount Private Estate Baldivis is finally ready and waiting for you to visit!

You will enjoy some of the best views in Baldivis with fantastic bush and hill aspects from these perfectly located and elevated lots.

Andrew Mackenzie, Estate Sales Manager at Paramount recently spent the day with photographer, blogger and social media expert, Kira DeSpain viewing, enjoying and photographing the newly released and elevated Stage 1 blocks.

He said that, “Until recently, it was quite difficult to access these superb lots at Paramount.  However, construction is now finished, and access is very easy.”

Andrew went on to say, “Spending the morning at Paramount made me appreciate even more just how amazing the land here is. It will be hard to find a better value block with these types of views anywhere else in the suburb.”

He also said that, “Pricing at Paramount is very sharp.  With the blocks being larger and elevated with views, it’s no wonder we’ve had such strong interest.”

Kira DeSpain, who was engaged by Paramount to take photos and videos of Paramount said, “I’ve not spent much time in Baldivis, but after driving around the suburb with Andrew, I found the blocks at Paramount to be the nicest.

Not only were they elevated, but you could see how well the entire estate was planned around the elevation to ensure the views of the hills and bush were maximised.”

Paramount is situated at the southern end of Baldivis Road, and rises westward towards the ocean.  From its elevated position on the ocean-side, Paramount is destined to become Baldivis’ premier land development, with stunning views over bushland and to the hills.

It’s easy to imagine living in a beautiful new home that’s surrounded by parks and natural bushland, only a short distance from great schools, shopping centres and all your amenities.

A range of quick and easy transport options are also within easy reach, including trains, buses, freeway and bike path. And if it’s recreation you want, Paramount is a short drive away from fishing, swimming, boating, bushwalking and picnics at some of Western Australia’s most beautiful beaches.

Don’t miss out on this first release from Paramount Private Estate Baldivis! For more information please contact our friendly Estate Sales Manager, Andrew Mackenzie on (08) 6555 2060 or andrew@spatialproperty.com.au .

$56million Baldivis District Sporting Complex Announced

Paramount baldivis is one of Perth’s fastest growing suburbs, and with further growth forecast in the area, it’s essential that the infrastructure can deliver sport and recreation facilities to the local community.

Artist impression of the Baldivis District Sporting Complex

With a larger percentage of young families and children than the rest of the metro area, the demand for sustainable sporting and recreation opportunities is essential for health and social development for those living in Baldivis.

The Baldivis District Sporting Complex will cater to a large number of community sports, providing a mix of indoor and outdoor facilities including nature play and youth recreation opportunities.

It will be able to adapt to participation trends and will engender community pride and health and wellbeing benefits.

How will the $56million be spent?
  • • Active Reserves – $21m
    Four ovals and new junior and senior sports pavilions
  • • Outdoor Sports Centre – $8m
    Development of a range of hard courts and associated infrastructure
  • • Indoor Sports Complex – $18m
    Development of a range of indoor sports and recreation facilities
  • • Youth Recreation and Fitness Space – $2m
    Dedicated facility for young people and the community to recreate and keep fit
  • • Specialised Centre* – $8m
    Development of cycling track and pavilion
    * Note: The development of a specialised centre for cycling is shown within the City’s 2017-2027 Community Infrastructure Plan as a final stage of the Baldivis District Sporting Complex project.

Located only 6km from Paramount Private Estate Baldivis.

The new Baldivis District Sporting Complex will be located at the corner of Eighty Road and Kendall Boulevarde, Baldivis.

There will be three entry points, with the main entry being via a new roundabout that will be built at Kendall Boulevard and the other two being slip roads into the complex.

Paramount residents will be a short 7min drive from the new Baldivis District Sporting Complex, or they can take the 564, 566 or 567 bus.

How will the project benefit the community?

The district level sporting and recreation reserve will service residents of Baldivis (north and south) and will provide for district and regional level competitions for the Rockingham population in general.

Estimated jobs will the project create:

  • • Construction phase (stage 1) – 744 jobs
  • • Overall project – 2,000 jobs
  • • Ongoing:  30-50 ongoing full and part-time jobs

When will the project be delivered?

The new Baldivis District Sporting Complex will be delivered in a few stages from 2021/22, with the 2022/23 financial year being the year that every stage officially opens to the public.

This means if you purchase land at Paramount in the next year or so, you will be perfectly placed to take advantage of this fantastic new facility.

Where and when can I hear more about the new Baldivis District Sporting Complex?

If you are interested, there will be a community presentation and information/Q&A session of the master plan on:

  • • Tuesday, 16 October, 6.30-7.30pm at Mary Davies Library and Community Centre, Baldivis.
  • • Registrations for this information session are essential on (08) 9528 0333 or customer@rockingham.wa.gov.au

Additionally, you can provide comments on the Share Your Thoughts page until Wednesday 31 October rockingham.wa.gov.au/Our-city/Share-your-thoughts

To see the full draft master plan, please click here.

For more information about Paramount Private Esate Baldivis please visit https://paramountbaldivis.com.au/

Or contact Andrew Mackenzie on 0419 904 790 or email him at andrew@spatialproperty.com.au

First Home Owners Grant Now $10,000*!

Western Australian Government’s First Home Owners Grant is still $10,000* which means that now is the perfect time to enter the property market!

You will receive a $10,000* grant to help you build your new home in one of Spatial Property Group’s thriving Master-planned Communities.

*Conditions apply.

Paramount Private Estate

It has never been a better time to purchase a homesite in a sought-after location. It’s all here and waiting for you.

Find out more information below:

First Home Owners Grant

Keystart

*Government terms and conditions apply.