Property performance for the quarter of September

Property prices have increased nationally by 1.3% this quarter, according to a survey conducted by the National Australia Bank Group. According to the report, NSW was the top performer at an increase of 1.9%. House prices are set to increase by 3.3% next year, and forecasted at 4.5% for the next two years.

Rental growth has been slow, with just an increase of 0.2% this quarter nationally. The forecast shows a huge increase in rent for the next two years, as high as 3.1%, as there is a drastic increase in owner occupying activity with shares at 41%. First homebuyers are also experiencing an increase at 19% for this year, slightly lower than the previous year at 21%.

Read more on the Property Observer website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *