REIP Insights

March Property Market Update - fastest rate of growth since Oct 1988!


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We have just seen the fastest rate of growth since October 1988!
March saw the end of Job Keeper, the moratorium, mortgage deferral program yet the market remain "hot".
Capital city growth is just out pacing regional growth where properties are being snapped up in record time.
We are starting to see an increase in stock however there is still the supply/demand issue that is keeping prices high.
The high auction clearance rate is a good indicator of the tight market conditions.
Tim and I discuss:
•whether the market is getting too hot too quickly
•could we see regulators stepping in if this trend continues with macro prudential controls
•the diversity in the rental market across the country
•inner city rental markets still experiencing long vacancy periods
•what could slow the pace of growth
•what may trigger the next down sizing phase
...more
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REIP InsightsBy Sadhana Smiles