It is never a challenge finding people who have an opinion on what drives residential property values upwards. Most of us have had some kind of experience purchasing property or know others who had done the same and when it comes to the age old question of “what makes property grow?” it is quite clear
The NAB recently revised upwards their forecasts for future house price movements. NAB’s Chief Economist Alan Oster stated, “we forecast healthy gains of over 7% in each of Brisbane, Adelaide and Hobart in 2021, while Sydney and Melbourne should rise by 4.5% and 3.5% respectively,”. While this was positive news, it did represent a change
As a direct result of COVID-19, March 2020 will probably remain a month that is firmly etched in people’s memories for many years to come. However, during the early stages of the COVID-19 pandemic, who would have thought that housing values would hold up as well as they have in Australia for the remainder of
Westpac and the Melbourne Institute measure consumer confidence (sentiment) every month. The most recent measurement in October 2020 was interesting to say the least. The collapse in confidence that occurred in March 2020, predominately as a result of COVID-19, may now be somewhat of a distant memory. As the chart below demonstrates, confidence was higher
It is never a challenge finding people who have an opinion on what drives residential property values upwards. Most of us have had some kind of experience purchasing property or know others who had done the same and when it comes to the age old question of “what makes property grow?” it is quite clear
The NAB recently revised upwards their forecasts for future house price movements. NAB’s Chief Economist Alan Oster stated, “we forecast healthy gains of over 7% in each of Brisbane, Adelaide and Hobart in 2021, while Sydney and Melbourne should rise by 4.5% and 3.5% respectively,”. While this was positive news, it did represent a change
As a direct result of COVID-19, March 2020 will probably remain a month that is firmly etched in people’s memories for many years to come. However, during the early stages of the COVID-19 pandemic, who would have thought that housing values would hold up as well as they have in Australia for the remainder of
Westpac and the Melbourne Institute measure consumer confidence (sentiment) every month. The most recent measurement in October 2020 was interesting to say the least. The collapse in confidence that occurred in March 2020, predominately as a result of COVID-19, may now be somewhat of a distant memory. As the chart below demonstrates, confidence was higher
