News
Vacancies are generally trending lower in capital city Australia. According to SQM, four cities have vacancy rates below 1.5%. Affordability is improving and the number of first-home buyers is rising, according to a new report. Why fewer residential unit developments will be built as a result of government disincentives to foreign buyers. Mortgage arrears are lower than they have been in a decade according to the "RMBS Arrears Statistics: Australia" report. Fee charges and tighter capital controls are thought to be behind the decline in Chinese investment in Australian real estate. While the best time to buy in Sydney and Melbourne has passed, Brisbane appeals as a city that is offering good value. Despite 40,000 apartments currently under construction across east coast capital cities, undersupply is predicted beyond 2019. With increasing signs of recovery in the local economies, some areas of regional Queensland are offering some good opportunity for property investors. The NAB has joined other lenders in forecasting that the official cash rate to stay unchanged for longer.
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