News
House prices stayed the same or rose slightly in nine of the 15 major market jurisdictions across Australia in May, according to new data from CoreLogic. The Federal Morrison Government’s scheme to guarantee the loans of first-home buyers has been fully reserved with Queenslanders taking nearly one in four places. Consumer confidence is steadily rising across Australia, as the states and territories release the previous restrictions allowing businesses to re-open and people to go back to work. Seven out of ten property investors say this is a good time to buy residential property. A new industry survey indicates that most believe it is business as usual with real estate investment. Home Values Largely Unchanged Auction Clearances Top 70% Lenders Offer Cashback Incentives Prices Reacting Well To Covid-19 Report Optimistic On Market Future House Gains Likely Over 2 years Prices Rise After Recessions: PIPA House Listings on the Rise Consumer Sentiment Rebounds Developers Report Rising Inquiry Vacancy Rate Remains Below 3% Home Buyer Interest up 50% on 2019 Clearance Rates Up As Sentiment Rises Gen Y Plan to Buy Soon Lockdown Encourages DIY Jobs Buyer Searches Rise Across Nation Households Shore up Finances RBA Keeps Cash Rate on Hold Homes Hold Their Values NSW/NT Allow Public Auctions Since February media has been predicting a real estate collapse, but the data shows markets are defying those forecasts. In difficult times, depreciation claims can make a big difference to the bottom line for property investors.
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