Here are some news articles that should be of interest to our readers.
One of the issues that all property investors consider is that of affordability, although we all know some markets like Hong Kong seem to defy the usual trends. The good news for the Australian market is that “Housing affordability improved across all states and territories in the September quarter according to the latest Adelaide Bank/REIA Housing Affordability Report.”
I also wanted to point out that some of the Regional Areas that have diverse economic drivers and sources of employment growth and infrastructure expansion, should not be overlooked by investors simply because they may not be familiar with them. We have had a positive outlook for the Newcastle / Hunter region north of Sydney for some time now and some of the Queensland regionals are now starting to show promise. The article below loos at Mackay and Townsville, but I would also like to add Toowoomba to that list as I lived there for three years so know the region quite well.
Toowoomba is Australia’s second largest inland regional cities and is located in south-east Queensland, only an hour and a half’s drive west from the state capital of Brisbane. Toowoomba is the commercial and economic hub of the Darling Downs, and widely accepted as the service centre for the Surat Basin. The Surat Basin, particularly known for its thriving agriculture, manufacturing and energy industries, follows a corridor from Toowoomba to Roma that includes the regional localities of Dalby, Chinchilla, Wandoan and Miles. With a residential population of 172,510 people, Toowoomba and the wider Surat Basin serves a population in excess of 250,000 people.
Queensland’s residential property market is improving, with new data showing sales are growing in many areas. More >>>
|Regional recovery faster than normal due to Sydney heat|
Real estate markets are cyclical, with the same patterns emerging every time we enter a new growth phase.
|Good news on housing affordability|
Interest rate reductions have helped drive an improvement in housing affordability, which jumped by 3.2% in the September quarter to reach 75.1 according to the latest HIA-Commonwealth Bank Housing Affordability Index.
|Investors to expand portfolios; take on more risk in 2014|
Up to 72% of investors in the Pacific region intend to increase their investment in property in 2014, up from 56% investors the previous year, according to a new survey.