Signs that banks will soften lending standards and a return of China-based buyers are combining to push property prices higher again.
James Kirby of the Australian 7:41pm May 22, 2023
- banks loosen lending rules
- China buyers return
- Tight rental vacancy rates
In my view, this bodes well for increases in Australian property prices over the next 10 years
The question to ask is
- what to buy?
- Where to buy ?
- what it will cost ?
- What are the projections ?
- Do you buy 1pm of 100 properties ?
- Do you buy an investment property ?
- Do you buy your own home?
If you believe property prices will increase 2pc per annum or by 10pc in the next 5 years…. You should look at buying an investment property.
REA Group Senior Economist Eleanor Creagh says selling conditions have “picked up this year” amid stronger housing demand and four consecutive months of home price increases. Auction activity is relatively strong with around 2000 properties going to auction per week with clearance rates at a 15-month high of 75.3 per cent
National Australia Bank’s Market Research desk reports this week that “property prices continue to rise with some degree of acceleration
The latest CoreLogic figures for the residential market show that Sydney residential prices are now up 4.8 per cent since the beginning of February
Over the next 6 months, we will be hosting a series of property companies, builders and developers to share there opportunities with you.
Let me know if you would be open to being invited to these forums!
Have a great weekend !
