- 24 March 2016
Good News Comes In 3's!
Good News Comes In 3's!
Happy Easter!
At our 2016 National Conference on the Gold Coast a few weeks ago, people asked me for copies of the information presented, so they can see the positives of the market.
As you can see from these charts, good news is sprouting all over the housing market. To begin with, we are now seeing increasing levels of house and unit sales in most capital cities - always a good sign that things are on the up.
Building Approvals
Current data also shows an increasing number of approvals for construction of new dwellings, which is now at it's highest levels for the past 30 years.
And even more good news for investors...
Despite the increase in approvals, our population increase and consequent demand for new housing is still far short of production. Click here to read my full blog and the supporting charts...
I cheated - added in a fourth!
As long as there is a clear gap between dwelling approvals and population growth, that is a good, solid footing for our property market to be on.
Summing up the News:
1. Transaction levels are higher than ever, 2. Listings are higher than a year ago (at record levels) 3. Dwelling approvals are at their highest level ever, and 4. There is still a big gap between population growth and supply.
And when you also see that auction clearance rates are clearly on the rise for the first three months of this year, the future does indeed look bright for our property market!
If you are travelling across this holiday period, please travel safely!
Regards,
Troy Gunasekera National Manager | Property Club
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