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House Prices To Continue Rising in 2021
When COVID was beginning to unfold across Australia and the world in the early part of 2020, property experts and media pundits began to predict sharp falls in house prices. The Commonwealth Bank forecast a potential 32 per cent house price crash with the other major banks also believing we would see similar drops over…
Are the Numbers Telling Us the Whole Story?
As Melbourne heads back into lockdown, the headlines are still painting a very negative picture for the Australian property market as a whole. The latest data from CoreLogic is suggesting that house values have fallen modestly over the past two months and now with limited auction activity in Melbourne for the foreseeable future that could…
It’s Not All Doom and Gloom for Property Markets
Despite the ongoing media speculation about large 30% plus falls in house prices, there are still plenty of strong residential property markets across the country. Of the nation’s 15 market jurisdictions (8 capital cities and 7 regional markets), 11 have house prices higher than they were at the start of the year Interestingly, some of the…
Could APRA Be Forced to Act Again ?
As investors and homeowners have been cheering the recent rebound in house prices in Sydney and Melbourne, the housing regulator is once again keeping a close eye on how it is unfolding. Over the most recent quarter, house prices in Sydney and Melbourne have rebounded sharply. Sydney has increased in value by 3.5% in the…
Australia’s economy is on a roll – Have Australian Interest Rates bottomed?
Australia’s economy on a roll, thanks to state governments Economist, AFR Mar 10 2017 Property developers are building more houses, farmers are exporting more food and foreigners are paying more visits. Brendon Thorne Gold rush in the late 19th century so enriched Charters Towers, an outback town in the state of Queensland, that it opened its…
The Spring Selling Season is Getting Set to Heat Up
The early indicators are starting to look good for property prices as buyers are starting to show their hands ahead of the Spring selling season. Across the board, the indicators are starting to suggest that the recent weakness in property markets in many states is starting to scream opportunity for savvy buyers. The most obvious…