Rental Vacancy Rates and A recent report prepared by National Australia Bank and CoreLogic RP Data – the winter edition of the 2015 Australian Housing Market Report – has forecast a slowdown in property price growth in major capital city housing markets

via ljgrealestate

The latest National Australia Bank report has predicted that Brisbane property values will accelerate throughout the remainder of the year. The report forecasts that the Queensland capitals residential property prices will finish with an increase 3 per cent in the year to December 2015. Brisbane house prices recorded modest growth of 2.2 per cent in the year to April. Although this may appear moderate it was the third greatest increase in capital city home values over the past year. Sydney is expected to continue leading the growth charge by 10 per cent, although it will slow by 2016 to 5 per cent. Melbourne’s growth rate is forecast to be 6.2 per cent for the period and slow to 3.5 per cent in 2016. NAB chief economist Alan Oster said he had expected the Brisbane market to fire before now, but it was continuing at a “slow-and-steady pace”. He said Brisbane home- owners should record increases of 5 per cent by 2016. “In Brisbane, we are more optimistic into 2016 because that market seems to be gathering momentum and also this is one area where the experts voted that was the market they thought would grow the fastest in 2016,” he said. “We have got that at about the same pace as Sydney (in 2016).” A recent report prepared by National Australia Bank and CoreLogic RP Data – the winter edition of the 2015 Australian Housing Market Report – has forecast a slowdown in property price growth in major capital city housing markets. NAB forecast that Sydney house prices will increase 10.0 per cent in 2015 and 5.0 per cent in 2016. That compares to a current growth rate of 16.4 per cent, according to the most recent CoreLogic RP Data figures. Melbourne house prices are tipped to rise by 6.2 per cent in 2015 and 3.5 per cent in 2016. This is compared to a current growth rate of 9.8 per cent. Brisbane is currently growing at 3.2 per cent, and is expected to slow to 3.0 per cent in 2015 before increasing to 5.0 per cent in 2016. Perth house prices are currently growing at 1.0 per cent, but are expected to decline by 2.5 per cent in 2015 and remain flat in 2016. Adelaide prices are forecast to grow 0.4 per cent in 2015 and 0.5 per cent in 2016, compared to a current growth rate of 3.5 per cent. Across Australia, house price growth is expected to be 6.4 per cent in 2015 and 3.8 per cent in 2016. Australia’s eight capital cities are currently growing at 9.6 per cent, according to CoreLogic RP Data.

RT@GillandDebello#australian housing market report australian housing market report.pdf

From the Editor The latest National Australia Bank report has predicted that Brisbane property values will accelerate throughout the remainder of the year. The report forecasts that the Queensland capitals residential property prices will finish with an increase 3 per cent in the year to December 2015. Brisbane house prices recorded modest growth of 2.2 per cent in the year to April. Although this may appear moderate it was the third greatest increase in capital city home values over the past year. Sydney is expected to continue leading the growth charge by 10 per cent, although it will slow by 2016 to 5 per cent. Melbourne’s growth rate is forecast to be 6.2 per cent for the period and slow to 3.5 per cent in 2016. NAB chief economist Alan Oster said he had expected the Brisbane market to fire before now, but it was continuing at a “slow-and-steady pace”. He said Brisbane home- owners should record increases of 5 per cent by 2016. “In Brisbane, we are more optimistic into 2016 because that market seems to be gathering momentum and also this is one area where the experts voted that was the market they thought would grow the fastest in 2016,” he said. “We have got that at about the same pace as Sydney (in 2016).” A recent report prepared by National Australia Bank and CoreLogic RP Data – the winter edition of the 2015 Australian Housing Market Report – has forecast a slowdown in property price growth in major capital city housing markets. NAB forecast that Sydney house prices will increase 10.0 per cent in 2015 and 5.0 per cent in 2016. That compares to a current growth rate of 16.4 per cent, according to the most recent CoreLogic RP Data figures. Melbourne house prices are tipped to rise by 6.2 per cent in 2015 and 3.5 per cent in 2016. This is compared to a current growth rate of 9.8 per cent. Brisbane is currently growing at 3.2 per cent, and is expected to slow to 3.0 per cent in 2015 before increasing to 5.0 per cent in 2016. Perth house prices are currently growing at 1.0 per cent, but are expected to decline by 2.5 per cent in 2015 and remain flat in 2016. Adelaide prices are forecast to grow 0.4 per cent in 2015 and 0.5 per cent in 2016, compared to a current growth rate of 3.5 per cent. Across Australia, house price growth is expected to be 6.4 per cent in 2015 and 3.8 per cent in 2016. Australia’s eight capital cities are currently growing at 9.6 per cent, according to CoreLogic RP Data. Australian Residential Property Planners Victoria – People on the Move Demographic data from the Australian Bureau of Statistics (ABS) has shown that Victoria recorded its highest total migration of people from interstate in over 40 years. The latest official population forecasts show that Australians are moving to Victoria in record numbers and Melbourne is on track to overtake Sydney as Australia’s largest city by 2056. “Victoria has experienced increasing population growth since 2011, with a net gain of 9,300 people from the rest of Australia in the last year alone,” ABS spokeswoman Denise Carlton said. Almost a third of the 9,300 people who moved to Victoria came from New South Wales, while around 2,100 were from South Australia. The number of people who moved to Victoria from Western Australia and Queensland was also quite substantial. Melbourne’s population is expected to hit between eight million and nine million people by the middle of the century. Planning Institute Australia’s Kirsty Kelly said the latest population growth figures highlighted the need for better population policy. “[Policy] around how this population is going to grow, where it’s going to grow and where we need to direct it to, to align with the infrastructure investment that needs to be made.” The ABS data also showed that Western Australia recorded it first negative interstate migration rate since 2002. Australia’s total population reached 23.6 million by the end of 2014, an increase of 330,000 people or 1.4 per cent.


CORELOGIC RPDATA NAB AUSTRALIAN HOUSING MARKET REPORT JULY 2015

Rental Vacancy Rates

Figures from SQM Research show that the national vacancy rate rose to 2.4 per cent, based on 71,970 vacancies during the month of May.

This was up from the April figures of 2.3 per cent based on 69,295 vacancies.

Vacancy rates were up in all capital city markets except for Sydney, Canberra and Darwin where rates were unchanged.

Darwin’s vacancy rate of 3.5 per cent remains the highest in the country.

Perth saw the biggest month to month increase, with its vacancy rate rising from 3 per cent to 3.4 per cent.

Adelaide also saw a monthly increase, as rates went from 1.7 per cent to 1.9 per cent.

Melbourne, Brisbane and Hobart all saw their vacancy rates record a .1 per cent monthly increase.

Year-on-year figures show that Canberra, Melbourne and Hobart vacancy rates dropped in the 12 months to April, with Canberra recording the biggest fall with a decrease of 0.4 per cent.

Hobart saw its rates drop from 1.8 per cent to 1.5 per cent over the period which means it now has the lowest vacancy rate in the country.

Darwin saw the most significant increase over the 12 month period, with vacancy rates up 2.1 per cent since May 2014.

Darwin also saw the most significant changes in terms of asking rents over the 12-month period, with a 13.5 per cent decrease for houses and a 5.7 per cent drop for units.

Across all the capital cities, asking rents increased by an average of 1.3 per cent while units increased by an average of 0.5 per cent.

Balance Between Buyers and Sellers

According to the Commonwealth Bank-CoreLogic RP Data Home Buyers Index (HBI) April 2015, the three months to April saw a balancing in the market between buyers and sellers.

The HBI is based on the ratio of properties for sale compared to the number of housing loans being issued by the Commonwealth Bank, Australia’s largest mortgage lender.

In locations where the number of properties being advertised for sale outweighs the number of mortgage commitments, the market is said to be in favour of buyers.

Where the number of mortgage commitments outweighs sales advertisements, the market is said to be in favour of sellers.

According to the report “stock levels are generally in line with the number of home loans funded, suggesting that current market conditions, at least at a national level, are balanced.”

Report on Renting

A Nielsen report from Domain.com.au has revealed that the Northern Territory has the highest percentage of renters in the country (43 per cent), followed by Queensland (37 per cent).

The percentage of people renting in Sydney and Melbourne is significantly lower, with more renters in New South Wales (33 per cent) than in Victoria (28 per cent).

Tasmania has the lowest percentage of renters in the country, with just a fifth (20 per cent) of the state currently renting. 



The “great Australian dream” of homeownership is seemingly distant for some states, with 62 per cent of NT residents indicating they believe that owning their own home is no longer attainable.

More than half (51 per cent) of NSW and Vic (52 per cent) residents are also negative about the attainability of property ownership.



Domain senior economist Andrew Wilson says the high number of renters in the NT reflects low homeownership rates. 



“High housing costs in the NT remain a significant barrier to home ownership resulting in the highest proportion of renters to total households of all Australian states.

“Darwin house prices are behind only Sydney of all the state capitals, and although Territory incomes are among the country’s highest, local rents are clearly the highest, providing another significant barrier to home ownership for those saving for a deposit. 



“That said, the number of recent new developments in the NT means we may see a shift in the future. Supply is slowly catching up to demand and we may see a gradual increase in the rate of homeownership.”

_____________________________________________________________________________

Housing Industry Association (HIA) New Home Sales Report

“New homes sales have increased in each of the first four months of 2015,” HIA chief economist Harley Dale says.

“While the rise of 0.6 per cent in April was the slowest growth pace of the four months, this is still a strong result off the back of a healthy March quarter.”

 “The profile for new home sales in 2015 is consistent with a new home building cycle, where further upward momentum resides largely in the ‘multi-unit’ sector and where the eastern seaboard states are driving the further growth,” Dale says.

 “The two states to post gains in detached house sales over the three months to April 2015 were NSW and Victoria,” Dale adds.

In April 2015, private detached house sales increased by 7.2 per cent in NSW, by 2.7 per cent in Victoria, and by 0.9 per cent in Western Australia. Private detached house sales dropped by 9.0 per cent in Queensland and were down by 1.9 per cent in South Australia.
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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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