News
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. 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.
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Next ›
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
Hotspotting Podcast | Episode 70 - The Price Predictor Index - Spring 2018
Hotspotting Podcast | Episode 69 - NSW Regions Are Rising
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Testimonial
"Dear Terry, I can’t tell you just how grateful I have been for all your advice and wisdom over all these years. You have always been so generous with your time and readily available. I am so appreciative for it all. Thanks Jacqui "
Jacqui Petro, NSW
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