After sustaining a decline of around 15% since the peak in mid 2017 ,the Sydney property market is now holding. With forecasters such as the NAB and ANZ advising of a flat or slowly rising market towards the end of 2019 and a small rise in property prices of 3% in 2020.
ANZ’s Senior Economists; Adelaide Timbrell & Felicity Emmett*, advised this change … Read the full post »
Walkom Real Estate
Property Market Update : February/ March 2019
What’s helping drive the Newcastle property market?
The inner city Light Rail transport system is now operating, making it easy to go from Newcastle West to Newcastle East. It seems very popular and opens the whole CBD up to many more people. Hop on it!
The University of Newcastle announced (21/2/19) a new … Read the full post »
We are in the top 10! for annual dwelling value change in regional areas. The NAB Housing Price Update in June 18 shows Newcastle and Lake Macquarie were up 5.2%. Sydney’s house prices by comparison was down 4.2%. Also, the BIS Oxford Economics forecast that Newcastle’s median house price is expected to increase by 6% in the next three years by 2020/21 … Read the full post »
The future looks bright for the Newcastle property market. With Newcastle’s median house price forecast set to increase by 9% to $635,000 by June 2020. (Compare with a 4% decline in Sydney). Source BIS Oxford Economics December 17 Update.
Positive Factors driving the market are;
* The ‘revitalisation’ of Newcastle, a NSW government program has had a positive impact
* New infrastructure has been built … Read the full post »
What the new first home buyer concessions mean for the Newcastle property market
As has been widely reported, July 1 marked the first day of the NSW Government’s increase to support packages for first home buyers. Designed to bring some much- need relief for first home buyers entering the market – who often face stiff competition from investors … Read the full post »
Property Price Forecast 2016 to 2019
The median house price for Newcastle increased 17.5% since 2011, rising from $411,900 in 2011 to $483,400 in 2015. From this strong growth, Newcastle’s median house price is expected to increase by 6% over the three year to June 19 as forecast by BIS Shrapnel. Generally 2016 should be strong around 3% with … Read the full post »
Investors are back. They were responsible for a 30% increase in the home loan market this year. First home buyers represent only 12.2% down from their typical 20% level. Owner occupied levels are pretty stable. It’s not surprising that property looks a good place to invest with interest rates at low levels and inflation stable at under 3% . Sydney home prices … Read the full post »
Thinking about fixing your interest rate? It’s never easy to pick when its the best time to lock in your interest rate for a longer term. At present it looks like a good time and it is worthy of some research. The big four banks are showing 5 year fixed rates as low as 4.99% ( CBA, NAB & WBC) with ANZ 5.14% and … Read the full post »
House Prices
Prices in 2013 improved dramatically recovering from eight years of relative flat residential price changes. Price growth for Newcastle houses was up 8.2% for the year to December 13.With very strong growth in capital cities such as Melbourne 21.9% and Sydney 15.1%.
Future price growth estimates to 2016 by BIS Shrapnel show’s Sydney’s growth is 6.6% pa and Newcastle at around 4.9% … Read the full post »
Summary of a presentation by BIS Shrapnel March 2013
Outlook for the Housing Market
Prices look set to rise 15% over the next three years – in NSW.
Housing market not uniform over Australia. WA, QLD and NSW expected to grow well. With Vic, SA and Tas underperforming.
NSW prices helped along the following factors;
• Increased population growth from strong increases in net migration
• General under supply … Read the full post »