The future is digital – but is a digital mortgage right for you?
In a red-hot property market, a delay of weeks in the mortgage approval process can be detrimental to investors securing...
Despite “the toughest 12 months in the last 30 years”, savvy investors were able to get ahead during the market downturn, according to new research.
According to new research by Propertyology, investors in regional Australia were able to make up to 40 per cent increase in property values in just three years, despite changing regulations and credit restrictions suffocating the sector.
The last three years
Regional Australia continues to outperform the capital cities with 17 of the top 30 locations being regional.
The largest growing area in the three years to May 2019 was cited as Snowy Monaro, which had median house price increase of 40.7 per cent.
Sydney was not able to compete with the growth of its southern rival, growing by just 4 per cent over the last three years.
Regional Australia will continue to show the most potential in the Australian housing market, Propertyology suggested.
The rebound in commodity prices has led to an increase in employment, meaning regional mining towns’ property prices can benefit greatly.
Other growth metrics, including reduction in real estate selling times, tightening vacancy rates, job growth and community confidence, are also driving regional Australia.
Capital city growth
The property experts believe the fundamentals of Hobart and Canberra continue to be the best of the capital cities.
Adelaide are all at the right stage of the property cycle, having balanced supply and affordability. This means there will be growth, but it is unlikely to be spectacular, Propertyology stated., Brisbane and
Sydney and Melbourne fell to levels last seen in June 2015 and October 2016, respectively. Improved credit supply and interest rate reductions will ease the slide, but record housing supply volumes and affordability constraints will curtail price growth for years to come.