news

Infrastructure to strengthen thriving market

By Staff Reporter

The Australian property market is experiencing its best September in years, Raine & Horne has reported.

Clearance rates are averaging around 75 per cent in major population centres, executive chairman and CEO Angus Raine said, with up to 85 per cent in auction hotspots Sydney and Melbourne.

Mr Raine said this was a surprising result since federal election campaigns tend to slow real estate activity. He believes, however, that the Coalition’s campaign announcement to inject $20 billion into infrastructure projects will boost property values in the long term.

“I’m particularly heartened by the federal Coalition’s commitment to improving our roads, and projects such as Queensland’s Bruce Highway, the Westconnex in Sydney and the PerthPerth, TAS Perth, WA Gateway will prove a significant boost for long-term housing values,” said Mr Raine.

“Infrastructure improvements that reduce commuting times between – and within – our major population centres will be great news for economic growth, jobs and real estate values.”

Mr Raine cited the precedent of home values in suburbs such as GlenwoodGlenwood, QLD Glenwood, NSW and Bella Vista in Sydney’s north west, which jumped by around 10 per cent between the February 2002 announcement of the major orbital road, the Westlink M7, and the start of its construction in July 2003, as an example of infrastructure strengthening the market.

Infrastructure to strengthen thriving market
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%