Commingle - Property market update for 2017
What's making headlines:
Commingle help's you get a snapshot of recent real estate news making headlines.
1. 2017 Outlook:
High demand, low affordability and the major banks raising home loan rates independently of the RBA have dominated property in 2016.
2. Brisbane Property market
“In the Brisbane market, investors should instead focus on established houses, in inner-metropolitan areas with large land content and low supply.” - Brisbane real estate update news
3. Melbourne property market
"population growth in Victoria is accelerating (reaching a seven-year high in mid-2016) so Eslake says "even though there is a lot of new supply coming on-stream in Melbourne, prices could still keep rising during 2017, albeit at more moderate rates."
4. Perth property market
"Perth has the biggest decline of home values for the year to date, according to CoreLogic’s latest report."
5. Investor Loans
The value of loans by investors surged by 4.9 per cent in November to be up 21.4 over the year – the strongest annual growth in 19 months.
