The recovery in residential markets across Australia through the second half of 2009, underpinned by low interest rates, rising rents, and first home buyer incentives, resulted in solid price rises across the capital cities. Activity, led by first home buyers at the bottom end of the market, is now flowing through to increased demand from upgraders and investors into higher price points.
However, there is still some uncertainty: the official cash rate increased by a full 100 basis points to March 2010 (and higher rises pushed through by the banks), with tightening anticipated through 2010, while the expiry of the First Home Owner's Grant Boost Scheme at the end of 2009 will result in a fall off in first home buyer demand. Is the increased demand from upgraders and investors enough to maintain momentum in purchaser activity? How much will rising interest rates impact on economic conditions and affordability? What does this mean for the price outlook over the next three years by capital city?
How well will the residential market hold up in the face of a deteriorating economic outlook and sentiment? - What is the outlook for overseas migration and underlying demand in the current economic environment?
- How will the timing of interest rate rises impact on affordability?
- How will the tight rental markets influence rents, yields, and subsequently investor demand?
- Can the strong price growth at the end of 2009 continue?
- How will prices react to rising intrest rates, and the expiry of the first Home Owners Grant Boost Scheme?
- Which regions offer more positive prospects for capital growth?
Read More
Residential Property Prospects 2010-2013 provides a comprehensive review and the outlook for residential property in each Australian capital city through to June 2013. Understand the key fundamental drivers affecting demand and supply and receive forecasts and commentary for: - the economic outlook and business conditions
- government policies affecting the market
- interest rate movements and timings
- home loan affordability by city
- net interstate and overseas migration
- underlying demand and dwelling construction by state
- stock deficiencies or oversupply by state
- trend analysis of rental yields and forecasts of rental growth by city
- annual median house price forecasts by capital city
NB: Median house price forecasts will also be provided for the regional areas of Newcastle, Wollongong, Gold Coast, Sunshine Coast, Townsville and Cairns
The Residential Property Prospects service includes: - Main Report – published last week of May 2010
- Update report in December 2010
- access to our team of residential property consultants and analysts, throughout the year, should subscribers wish to discuss the forecasts further.
|
Price:
Contact:
Kirrily McNamara
PH: +61 2 9959 5924 
|