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Monday, 14 August 2017 03:05

Sydney declining, Melbourne peaking and Brisbane rising……..

The Sydney market has performed strongly over many years - fuelled by low interest rates, a high demand from domestic and overseas investors as well as a general lack in supply. Is it slowing down now? Herron Todd White believes it is – they’ve pegged the Sydney housing market as being at the start of a decline in their popular “month in review” report.  The report is available here.

On the flipside – they’ve described the Melbourne market as approaching a peak and suggest buyers approach off the plan purchases with caution due to the risk of valuations coming in lower than the agreed purchase price which is something we’ve witnessed as well.

They have pegged the Canberra market as being on the rise.  We’ve also noticed a general increase in buying activity and purchase prices within Canberra over the last year. The Canberra market has been a star performer – particularly the market for detached houses with the median price reaching the $700k mark for the first time earlier in the year.

Then there’s good old Brisbane which has been a favourite of Pass Go clients for a while now. The report depicts Brisbane as being as the “start of recovery” – perhaps the high prices of the southern cities will see investors turn to sunny Brisbane which, in comparison, looks to offer good value for money.

Happy reading - and feel free to share with anyone who may find this info useful.

Jamie

About the author: Jamie Moore is an active residential property investor and owner of Pass Go Home Loans. If you’d like to have Jamie provide advice on your finance structure and investment strategy, simply complete and return this FORM and he will be in touch - this is a FREE, no obligation service. This information is of a general nature – please always consult taxation professionals about the specific nature of your situation.

 


Read 326 times Last modified on Monday, 14 August 2017 04:19
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