Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Residential market set for upswing

Staff Reporter 1 minute read

New research from Colliers International has shown that four Australian states have hit bottom and are poised for an upswing.

House prices in Melbourne, Sydney, Brisbane and Adelaide are starting to pick up, with a booming population driving the market, the research revealed.

“Melbourne has started its recovery before the other states and it’s the benchmark for the others to follow,” Grant Dearlove, Colliers International residential managing director, said.

Mr Dearlove said Sydney was not far behind Melbourne, describing the city as a sleeping giant ready to emerge from its cage.

“Sydney and Melbourne are still experiencing population growth, register almost zero vacancy and massive demand – these are three very tasty ingredients in a residential pie,” he said.

Residential market set for upswing
default
TheAdviser logo
default

 

more from the adviser
mortgage payments money Quiet January period hammers mortgage activity

NSW has led the states in a steep fall in mortgage market activit...

cars ta Nodifi expands into novated leasing

The asset finance platform has released a novated leasing service...

handshake 2 AFG adds specialist lender to lender panel

The aggregation group has appointed a specialist lender to its as...

FROM THE WEB