News
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. I regard the Price Predictor Index as our most important report. It’s a quarterly report in which we scrutinise one of the key parts of the property price equation – demand. Regional NSW is now one of the most compelling growth markets in Australia. There are locations right across the state with growing sales activity and many places are delivering double-digit annual price growth. The RBA has kept the official interest rate at its record low, while predicting strong economic growth, low unemployment and rising wages. There’s a yawning gap between what’s really going on in real estate markets – on the one hand - and the portrayal of markets by mainstream media – on the other. Half of Australia has recorded a rise in dwelling values over the past year, new analysis shows, contrary to frequent headlines claiming prices are falling across the nation.
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Next ›
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
Hotspotting Podcast | Episode 70 - The Price Predictor Index - Spring 2018
Hotspotting Podcast | Episode 69 - NSW Regions Are Rising
RBA Tips Booming Economy
Hotspotting Podcast | Episode 68 - Here's The Good News
Values Rising In Half The Nation
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