News
The nation’s 2 biggest data sources have noted the quiet steady performance of the Adelaide market. Many commentators and forecasters are predicting stronger performance from Brisbane markets – and I tend to agree. To date Brisbane has not fulfilled the expectations some had for it, largely because the city lacked the fundamental drivers that pushed Sydney and Melbourne. The Reserve Bank has dismissed claims of a credit crunch, saying lenders continue to compete strongly for mortgage business. An "orderly" wind-down in the Sydney boom is occurring, as it heads towards "a soft landing", according to HSBC. Regional Victoria is now the strongest market in Australian real estate. Even as the Melbourne boom subsides, the state’s regional markets are rising strongly and delivering the strongest price growth to be found anywhere in the nation. Changing trends and preferences are reducing the average size of new dwellings in Australia, which are now the smallest they've been since 1996 - but still the second largest in the world. Many suburbs at selling faster than at the same time last year, with Adelaide, Hobart and regional areas of Victoria leading the nation. The latest survey shows consumer confidence is rising and more people think it's a good time to buy real estate. Non-bank lenders are stepping up to service borrowers who are frustrated by the big banks' tighter credit policies. Vacancy rates have fallen in most capital cities, with some having shortages of rental properties.
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Next ›
Hotspotting Podcast | Episode 73 - Adelaide The Quiet Achiever
Hotspotting Podcast | Episode 72 - Why Brisbane Will Do Better
RBA Says Home Lending Remains Strong
HSBC Tips Big City Soft Landing
Hotspotting Podcast | Episode 71 - Victoria's Regional Hotspots
New Homes Smallest In 22 Years
Top Suburbs Selling Faster Than Last Year
Consumers More Confident, Keen To Buy
Market Welcomes Non-bank Rise
Vacancy Rates Fall In Capital Cities
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