State by State Update on the Australian Property Markets - November 2019 Chart Pack
Property is back in the news and making headlines again.But in a very different way to this time last year.Rather than being worried about property Armagedon, now the commentators are asking how strong will the markets be with a recent forecast by SQM Research suggesting dwelling prices could rise by more than 15% in Melbourne and Sydney next year.
After struggling for two years, the Australian housing markets are on the up, now delivering positive growth for 4 months in a row.Three interest rate cuts, tax cuts, reduced uncertainty around housing, more positive media and easing in the overly tight bank lending guidelines have combined to generate a significant improvement.This month Corelogic reported the largest month-on-month gain in their national home value index since May 2015.Buyers are back borrowing money and looking for a new home or investment and sellers are tentatively returning to the market.
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