Hello from LJ Gilland Real Estate ,
HAPPY EASTER STAY SAFE
The following is for your information and perusal only:-
Highlights over the three months to March 2015:
Best performing capital city: Sydney +5.8%
Weakest performing capital city: Perth -2.7%
Highest gross rental yields: Darwin houses at 5.7% and Darwin units at 5.9%
Lowest gross rental yields: Melbourne houses at 3.2% and Melbourne units at 4.1%
Most expensive city: Sydney, with a median dwelling price of $690,000
Most affordable city: Hobart, with a median dwelling price of $310,000
RT@ljgrealestate Home values across the combined capital cities increased by 1.4 per cent in March 2015 according to the CoreLogic RP Data Home Value Index, driven by an exceptionally strong Sydney result where dwelling values were 3.0 per cent higher over the month. The latest indices reading shows capital city dwelling values moved 3.0 per cent higher over the first quarter of the year. CoreLogic RP Data head of research Tim Lawless said, "although value growth has started 2015 on a strong note, the annual rate of growth has moderated back to 7.4 per cent, which is the slowest annual growth rate since September 2013." #real estate #property #rentals #sales #Brisbane #Investor
Population shifts reshaping the property market
Affordability could become a bigger problem in the decades ahead as the rise in single-person households makes property harder to find.
The number of households is projected to increase from 8.4 million in 2011 to between 12.6 million and 12.7 million in 2036, according to the Australian Bureau of Statistics.
That would represent an increase of between 49.3 per cent and 51.2 per cent.
Over the same period, Australia’s population is expected to jump by 45.3 per cent, from 22.3 million to 32.4 million people.
The average household size was 2.6 people per household in 2011 – the forecast for 2036 is anywhere between 2.5 and 2.6 people.
At the same time, the number of single-person households is expected to increase by between 57.1 per cent and 61.9 per cent.
SQM Research managing director Louis Christopher said the rise in single-person households will boost demand for one- and two-bedroom units.
“Developers here will have a big opportunity to cash in on this ageing trend and build even greater numbers of high-density accommodation to house sole-person households,” he said.
Mr Christopher also said that the ABS forecasts suggest that housing affordability will become an even bigger problem in the years ahead.
“Most of the population will remain concentrated in the bigger cities of Sydney, Melbourne and Brisbane,” he said.
“So unless there is any drastic change by governments towards solving the housing unaffordability crisis, younger Australians will still struggle to own their own home.”
Linda & Carlos Debello
“Your Local Property Management Specialist”
LJ Gilland Real Estate Pty Ltd (http://www.ljgrealestate.com.au)
PO BOX 19
(07) 3263 6085
0400 833 800 (Mob 1)
0413 560 808 (Mob 2)
0409 995 578 (Linda)
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