In an article for the website Street News, Louis Christopher dissects asking prices, vendor activity, and a few myths like the “property bubble”, among other things.
Tracey's Property News
Are House Prices Turning Unaffordable?
Homes haven’t become any unaffordable but the real estate story is turning out to be a dismal one for the first home buyers. They give an impression of being squeezed out of contention by the investors.
Property Demand Outdoing Supply in Australia
Time on Market is steadily decreasing for properties across Australia. The same is beautifully established by Cameron Kusher in an article for the website Property Update.
Prestige Market Outperforms Other Segments
Few trends are clearly emerging now that Australia has entered its property cycle in depth. One such trend is that the prestige market has fashioned a distinct place for itself, says Michael Yardney, for an article on the website Property Update.
Housing Market Growing Hand in Hand With Population
New South Wales and Victoria, the two most populous states in Australia, are showing further streaks of population growth. Incidentally, these are the two most potent housing markets, too, says Cameron Kusher in an article for the website Property Update.
Value Growth Close to Unsustainable levels
In the property cycle which commenced in the month of June 2012, prices have attained really high proportions in the last 9 months or so. An article on the website Smart Property Investment talks about how Sydney has superseded its previous peak by a staggering 15.8%.
Experts however opine that such rate of growth is bound to come down- eventually settling for a more sustainable percentage. The RBA will be tempted to push up cash rates if capital gains persist in the way they are.
This said, March performances need not be given too much emphasis as the month, along with September, has historically been the best months for the real estate.
You can read the original article here.
