News
The reaction to the Federal Budget from the real estate industry has been largely positive, but with some reservations. Confidence has risen in the real estate industry, even in Western Australia, according to recent surveys. It's Sydney first and daylight second when it comes to dwelling prices in capital city Australia. New ATO data shows that most negatively-geared Australians earn less than $80,000 per year. For over a decade, the topic of unaffordable housing has been caught in a continuous loop of inert Parliamentary inquiries and studies. Few people realise how government imposts have driven up the cost of building a home. The latest NAB survey finds housing market sentiment is at its highest level in three years, although the position differs from city to city. Land supply in our major cities is struggling to keep up with demand, as lots get smaller and prices go higher. Canberra and Hobart have the lowest vacancies and lead on rent rises. Sydney and Melbourne have also seen house rents grow. A new survey reveals that investors are shrugging off negative media coverage and remain optimistic about real estate prospects. Media continues to claim Sydney house prices are growing at an annual rate close to 20%, but other major research sources agree that the growth rate is only 3-4%.
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Next ›
Property Praises Federal Budget Measures
Reports Confirm Confidence High
Sydney In Price League Of Its Own
63% of Negative Gearers Earn Under $80,000
Affordability Issues Made Worse by Govt Costs
Sentiment Remains Strong In Key Markets
Land Selling As Fast As It’s Produced
Rents Up In Cities With Low Vacancies
Investors Bullish Despite ‘White Noise’
City Price Growth Sliding – Sydney Down Sharply
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