Here are some updates and insights into what is happening in the residential property market and some predictions for the medium term.
I listened to Tim Lawless from RP Data at the recent Self-Managed Superannuation Conference and it would be worthwhile having a look at the short video that we have attached below to give a pretty good overall summary of things that are currently
occurring in different parts of Australia and to have a look at the direction of some of the trends that property has been exhibiting in various Capitals and regions in general.
Overall, the market seems to be performing in line with the consensus views of most commentators…see articles below:
by John McGrath
Clear evidence is emerging that the Autumn selling season will be just as strong as the Spring 2013 season in Sydney – with other markets such as Brisbane also on track for a good start to the new year.
The first auction Saturday of the season was on February 1. Sydney had 95 homes listed for auction and recorded a clearance rate of 80 per cent. That’s a very strong start to this selling season. read more...
by Craig James
The new powerhouse state for construction is Queensland. While the focus has been on the Western Australia in recent years, Queensland has slowly moved up the leader-board, passing NSW and then Western Australia. read more...
Australia’s inner-city suburbs will remain a strong prospect for investors as both young families and downsizers gravitate towards apartment living, according to a 2014 property market forecast.
At the Property Council of Australia Residential Outlook 2014 yesterday, Brian White, chairman of Ray White, said the biggest recent property market trend in Australia was the move towards inner-city areas.
“We have such buoyant inner cities in Australia. I think that’s one of the biggest features that’s happened in my career, seeing the health, the vibrancy, the youth that’s come in, the families that are coming in. They’re making do with the smaller accommodation,” he said. read more…