SOUTHEAST Queensland house prices are tipped to grow by up to 20 per cent in the next few years as Sydney and Melbourne's once sizzling property markets continue to lose steam, according to veteran real estate agent John McGrath. Speaking after the release of the group's annual residential market report, Mr McGrath told The Courier-Mail the state was only just over halfway through the current property cycle and stood to benet from the slowdown starting to grip the southern capitals.
We were a part of the Sydney growth story first in 2009 to 2014. Our research has moved us away from the Sydney market to other more affordable areas. The entry point in these markets is not only lower, but the capital growth expected is also better. The lack of affordable entry point in the Sydney market can be highlighted by one making one simple statement. According to Domain.com, in an article which they published on the 18th of Oct. “Sydney has surpassed another affordability milestone. There are now no suburbs with a median house price under $500,000.” We would like to highlight some other points they made in the article.
An analysis by the Australian National University academics Ben Philips and Cukkoo Joseph has identified Wyong on the Central Coast as the most undersupplied housing location in NSW and the second most under-supplied housing area in Australia. The modelling drew on census population figures to estimate the underlying demand for housing at the regional level. Of the 328 statistical areas studied nationwide, 250 were found to have a housing surplus while 78 had a shortage. The paper looked at population growth and demographic change in Australia’s 328 regions called “statistical area level 3” by the Bureau of Statistics and analysed how well the new supply of housing meets the demand in those areas. This research represents Australia’s first published regional analysis of housing demand and supply the report said.
We received some great feedback from the people who attend the “Affordable Property Investment Events” in Gosford and Penrith.
“The content was great – new ideas – great opportunities; early material on trends and principals of investing.”
“Very informative; I am a first time home investor. The information has been extremely helpful.”
If you are a first-time investor, thinking about investing yourself and are unsure about where to invest or what to buy. Alternatively, you are an experienced investor and want to hear about upcoming suburbs that are going to have significant capital growth. You must not miss out attending one of our events.
SYDNEY property prices have become too steep for many buyers, and the Central Coast is fast becoming the not-so-secret alternative. Mr Starr said that in recent times there has been a dramatic shift in the area. He said there has been a huge increase in families over the past few years, and he said he expects this to continue as the area gains popularity. "Housing has become almost unaffordable for most people in Sydney." Sydneysiders see value in moving to the area as an alternative to Sydney’s outer suburbs."
