News
New home sales provide the latest indicator of a strong revival in property markets. Home-buyers have led the revival, but ABS loans data now shows investors returning to the market. New home building levels are the lowest since early 2013, which is putting added pressure on property prices as demand rises. Prices wlll rise, interest rates will fall and investors will become a major force in the market in 2020, according to a survey of mortgage brokers. Supply is generally low in most markets around Australia, which is helping to put upward pressure on prices. The launch of the federal scheme to help FHBs will put focus on apartments, with most cities providing affordable options for first-timers. Regional markets, as well as most capital cities, have entered 2020 with property prices rising. Developers increasingly are building dwellings to rent out, rather than sell to home-buyers and investors. Two-thirds of households own their homes, notwithstanding a decline in ownership rates. Major life milestones like buying a home are being delayed as Australians study more and live longer.
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Next ›
Sales Of New Homes Join Market Revival
Investor Lending hits 12-Month High
New Home Building Hits 7-year Low
Brokers Optimistic About Markets In 2020
Low Vacancies Bode Well For Price Uplift
Affordable Options For FHBs In Apartments
Markets Enter 2020 With Prices Rising
Build-To-Rent Gains Growing Foothold
66% Own Homes And 20% Invest
Aussies Delay Buying And Other Big Moves
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