News
A new survey of property professionals shows that confidence in the real estate sector for 2017 is the highest in two years. Building approvals are trending down, especially in the two biggest cities, as developers realise too many dwellings are being built. Real estate consumers continue to be misinformed by the publication of dodgy data by journalists who fail to do their jobs. Research shows that 80% of property investors fail to take full advantage of depreciation and miss out on thousands of dollars. With new dwelling construction showing signs of tapering off, renovations work is expected to fill part of the gap in home building activity. Cities with low vacancies are recording good growth in rentals, while rents are falling in markets where vacancy rates are rising. Data from two major sources suggests Hobart is recording stronger price growth than the major cities, with Sydney fading. Young Australians are prolific buyers of property - but increasingly they're opting for investment rather than home ownership. Different research sources seldom agree on price growth but there's one issue on which they concur: Hobart's market is rising strongly. New home building is forecast to slow down, but spending on renovations is expected to continue rising strongly.
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Next ›
Industry Upbeat On 2017 Prospects
Approvals Trend Down As Oversupply Hits
Data Misleads On City Price Growth
Investors Overlook Non-cash Deductions
Renovations Recover as Building Slows
Rent Trends Impacted By Vacancies
Hobart Growth Outpoints Big Cities
Young Aussies Opt For Renvesting
Hobart Challenges Big Cities On Price Growth
Renos Rise As Building Slows
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