loader from loading.io

Brisbane Growth rates Continue to Rise

Hotspotting

Release Date: 04/20/2020

Regional NSW Continues To Perform Extremely Well show art Regional NSW Continues To Perform Extremely Well

Hotspotting

While a lot of media attention is focused on what is or isn’t happening with Sydney property prices, other parts of New South Wales continue to perform extremely well. Late last year, along with the comparison website Canstar, I analysed the price growth prospects in all the major markets across Australia – the 8 capital cities and 6 state regional markets.I used a range of different metrics to determine the markets with the best prospects for price growth in 2022. Of all those 14 market jurisdictions, Regional New South Wales come out on top as the No.1 ranked market in Australia. ...

info_outline
Sydney Market Switches Focus To More Affordable Products show art Sydney Market Switches Focus To More Affordable Products

Hotspotting

Significant changes have occurred in the Sydney property market in the early part of 2022, with a weakening at the top end of the market and a re-focus on locations and dwelling types that offer better affordability. Most notable is the shift in focus to more affordable suburbs for houses and also an uplift in demand for locations with apartments at attractive prices. There is strong buyer demand in precincts where houses are typically available in the price range from $900,000 to $1.5 million, and suburbs with median unit prices below the overall Sydney median of $830,000 (CoreLogic figures)...

info_outline
What Impact Will Interest Rates Have On House Prices? show art What Impact Will Interest Rates Have On House Prices?

Hotspotting

Here’s an interesting fact: if history repeats itself, rising interest rates will mean that property prices also will rise, not fall. In fact, if recent history does repeat, house prices will double during an extended period of multiple interest rate rises.

info_outline
What's Happening in the Sydney Market? show art What's Happening in the Sydney Market?

Hotspotting

The Sydney market represents an opportunity for investors right now because the evidence suggests it’s less competitive than in 2021, so it’s becoming easier to buy well. And vacancy rates are dropping fast and rents are rising, a situation that will be enhanced by the re-opening of international borders and the return of overseas migrants and students. Let’s look at the background … Sydney is the one capital city in Australia where there is some evidence that its property market has passed its peak. Property prices seem to be hitting a plateau but it’s still too early to make a...

info_outline
Property Prices Falling? Actually No .... for the most part show art Property Prices Falling? Actually No .... for the most part

Hotspotting

The key message for Australians interested in what’s REALLY going on in property markets across the nation is this: Don’t believe everything you read about how Australian property prices are faring at the moment. In fact, I would go so far as to say: don’t believe ANYTHING you read about property prices across Australia. You may have seen a lot of commentary about how prices are already on the way down across Australia – but, for the most part, that is simply NOT the case.

info_outline
The Price Data Is Much Stronger Than The Headlines show art The Price Data Is Much Stronger Than The Headlines

Hotspotting

There’s a concerning trend emerging where people are relying TOO much on the monthly property price data - from one high-profile source - as an accurate indication of what is happening in property markets – and what WILL happen in property markets. Too many people take this short-term price data as the gospel truth and allow it to dictate their decisions on WHETHER they will buy real estate and WHERE they will buy it. Australian consumers need to understand this simple truth – all real estate data is, to some extent at least, dodgy data. They’re all rubbery figures and you cannot take...

info_outline
Perth Poised For Its Best Year In Real Estate Since The Mining Boom show art Perth Poised For Its Best Year In Real Estate Since The Mining Boom

Hotspotting

While there are some early signs that, maybe, Sydney and Melbourne markets are starting to moderate, all the evidence suggests that the opposite is happening in many other markets across Australia, including Perth. The Perth market is undoubtedly the strongest it’s been since the end of that big resources investment boom almost 10 years ago. After several years of downturn, the Perth market moved into recovery mode in 2020 and then became considerably stronger in 2021. All the indications suggest that 2022 will be a boom year.

info_outline
A Different View of Prices show art A Different View of Prices

Hotspotting

Mainstream media tends to present CoreLogic price data as the definitive view on real estate prices – indeed, the only view. So when CoreLogic says house prices fell (slightly) in Sydney and Melbourne in March, media presented that as fact. But it’s not fact. It’s simply the world according to one research source. There are other credible, reputable research entities in Australia, including Domain, SQM Research and the ABS. And often their data contradicts the CoreLogic figures. It is important for real estate consumers to be aware that there are different stories being portrayed by the...

info_outline
Go To The Source For Latest Price Data show art Go To The Source For Latest Price Data

Hotspotting

The media headlines might be shouting that the property price boom in Australia is over, but the numbers tell me otherwise. According to the latest CoreLogic figures, the national rate of growth in dwelling values actually rose in March – slightly – compared to February. The best advice I can give you is to tune out all the white noise in mainstream media and do some real research. Don’t read the media reports – get a copy of the CoreLogic report, which is free, and look at what the numbers actually say, free of the media misinformation.

info_outline
Melbourne Poised For A Strong Year In Real Estate show art Melbourne Poised For A Strong Year In Real Estate

Hotspotting

How will the Melbourne market perform in 2022, free of lockdowns and with major new factors in play, including the opening of international borders? I expect Melbourne to have a strong year in real estate in 2022. Last year, Melbourne did well, despite being the most locked-down city in the world. Despite all the restrictions, Melbourne produced strong price growth, particularly for houses. Opening of international borders means that overseas migrants and foreign students can return – and this, I believe, will have a big impact on the Melbourne market in the near future.

info_outline
 
More Episodes

The latest price data shows uplift in most cities and regional markets across the nation - and Brisbane increasingly is standing out.