- 12 October 2018
Where Does Our Nation's Biggest Bank Think The Prices Will Drop The Most?
Business Insider reports that Australia’s property market won’t crash, according to the Commonwealth Bank.
But as the housing downturn remains ongoing, it makes sense that more analysts are turning their attention to the medium-term outlook.
CBA economist Gareth Aird forecasts that house prices in Sydney and Melbourne will continue declining until the end of next year.
“We see the peak to trough being around 10% in Sydney and a little less in Melbourne (8.8%),” Aird said.
This is also backed up by the fact that Sydney is the capital of Australian investor housing debt.
This information through the courtesy of Macquarie Bank:
Quite eye opening isn’t it?!
It shows the proportion of outstanding investor housing debt nationally by the individual capital city in the 2015/16 financial year.
Sydney stood head and shoulders above the remaining capital cities, including Melbourne, reflecting not only that it is Australia’s largest and most expensive housing market, but also by the popularity of housing investment in the city.
While the data is undoubtedly dated, it gives a broad indication of what’s owed where across the capital cities.
It is always a case of when is the right time to buy, as for 25 years now Property Club members have purchased the right properties in the right areas, best primed for long-term capital growth!
We have some great opportunities in Queensland at the moment and with news like the below coming through:
Brisbane secures global airline slot conference
Brisbane is set to roll out the red carpet to more than 1200 delegates from over 230 airlines across the world when it plays host to the 145th International Air Transport Association (IATA) Slot Conference from 12-15 November 2019.
A consortium of tourism advocates, including Brisbane Airport Corporation (BAC), Brisbane Marketing, Tourism Australia, Tourism and Events Queensland, and Brisbane Convention & Exhibition Centre, combined forces to bring this fiercely sought-after conference to Queensland.
It does bode well that Queensland is where things are moving and shaking at the moment!
Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
https://www.propertyclub.com.au/contact-us/
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
Have a great weekend and catch you next week!
Warm Regards,
Troy
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