[Video] The latest property news with Kevin Turner | 29th October

In this week’s two minute property investment news video I talk about the booming property markets.

There’s been lots of talk about the need to cool booming property markets, but there’s a worry policymakers might be too narrow in their analysis when considering issues such as negative gearing and grants.

Sydney, and to some extent Melbourne, have all been performing well over the past year, but there are plenty of other localities that would love to see growth in their real estate values.1379038390570_Melbourne-Buyers-Agent-938x704

The Housing Industry Association have released a report entitled A Portrait of Australian Home Prices in which they point out that, in real terms, dwelling price growth has been at a single-digit rate in every capital city over the past year, with the exception of Sydney.

Outside of Sydney and Melbourne, real dwelling price growth was just 2.2 per cent in the year to June 2014… so that’s after accounting for inflation.

In other words, while there may be great expectations for cities such as Brisbane, there hasn’t been staggering growth in values as yet.

The report goes on to point out that It would not be a desirable outcome for the rate of growth in Sydney and Melbourne median home prices to continue at its current pace, but much of the current commentary around the housing price cycle tends to imply strong growth is considerably more widespread than is actually the case.

Given the recent decision to keep interest rates on hold, but with expectation they will rise in the coming years, the HIA is suggesting the softer 60 per cent of our country’s property markets may end up paying the price for the strong 40 per cent who’ve already enjoyed strong growth this year.


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Kevin Turner


Kevin brings together leading authorities on the property market in his weekly Real Estate Talk Podcast. Visit www.RealEstateTalk.com.au

'[Video] The latest property news with Kevin Turner | 29th October' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts