- 18 November 2016
Total Returns From Residential Property, 5 years To October 2016 Are...
Core Logic / RP Data reported total returns for investors, including both the median increase in property values as well as rental returns over the past five years and the numbers are astounding:
Australian housing investors are back!
After a regulator-imposed slowdown earlier this year, it’s clear that housing investors are returning to Australia’s property market.
According to housing finance figures released by the ABS on Thursday, the value of loans extended to housing investors surged by 4.6% to $12.416 billion in September in seasonally adjusted terms.
It was the sixth month in eight that the value of investor lending increased. Not only that, it was the largest monthly total in dollar terms since August last year.
Compared to the levels of a year earlier, the dollar value of lending rose by 9.5%, the first year-on-year increase since July last year.
ANZ-Roy Morgan Australian Consumer Confidence Rises for Third Straight Week - up 0.4pts to 118.2
Along with consumer confidence being higher - ANZ-Roy Morgan Australian Consumer Confidence survey showed that households’ views on economic conditions over the next 12 months improved 1.2%, while views towards economic conditions over the next 5 years rose a solid 3.5%.
Have a great weekend and catch you next week!
Warm Regards,
Troy Gunasekera National Manager Property Club
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