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<\/iframe><\/p>\n<p><b>What\u2019s the outlook for the Australian property markets for 2022 and beyond?<\/b><\/p>\n<p>This is a common question people are asking now that our real estate markets are opening up from the\u00a0<span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">Covid\u00a0<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">lockdowns<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">.<\/span><\/p>\n<p>Despite a sequence of fifteen State or Territory lockdowns so far this year, property prices have been largely unscathed.<\/p>\n<p>And even though the rate of house price growth is slowing, and our regulator <a aria-describedby=\"tt\" href=\"https:\/\/propertyupdate.com.au\/glossary\/apra\/\" class=\"glossaryLink\" data-cmtooltip=\"<div class=glossaryItemTitle>APRA<\/div><div class=glossaryItemBody>The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability\u00a0in Australia<br\/>Prudential regulation is concerned with maintaining the safety and soundness(...)<\/div>\">APRA<\/a> is keen to see the housing markets slow down, property values keep rising in almost every market around the country and our capital cities are in line for strong double-digit property price growth this year.<\/p>\n<p>Over the past year, <strong>Sydney<\/strong> house prices have risen over 24%, Melbourne 15% and Brisbane 20%.<\/p>\n<p>But the momentum in growth is showing signs of easing, since peaking in March.<\/p>\n<p>Now I know some potential buyers are asking <em>\u201cHow long can this last? Will the property market crash in 2022?\u201d<\/em><\/p>\n<p>They must be listening to those perma bears who keep telling anyone who\u2019s prepared to listen that the property markets are going to crash, but they\u2019ve made the same predictions year after year and have been wrong in the past and will be wrong again this time.<\/p>\n<h2><span id=\"whatrsquos-ahead-for-property-values-in-2022\">What\u2019s ahead for property values in 2022?<\/span><\/h2>\n<div data-src=\"https:\/\/propertyupdate.com.au\/property-predictions-for-2022-revealed\/visualisation\/7702002?206536\">\n<p>While property prices are notoriously difficult to forecast, in my mind property values will keep rising in 2022, but not everywhere and not to the same extent as they have over the last year.<\/p>\n<\/div>\n<p>While most property markets around Australia have performed strongly so far this cycle (other than the inner city of high-rise apartment market), moving forward the rate of property price growth will slow and there are several reasons for this including:<\/p>\n<ul>\n<li><strong>Affordability issues will constrain many buyers<\/strong>.<br \/>The impetus of low interest rates allowing borrowers to pay more has worked its way through the system and with property values being 20- 30% higher than at the beginning of this cycle at a time when wages growth has been moderate at best and minimal in real terms for most Australians, this means that the average home buyer won\u2019t have more money in their pocket to pay more for their home.<\/li>\n<li><strong>The pent-up demand is waning.<br \/><\/strong>\u00a0While there are always people wanting to move house and many delayed their plans over the last few years because of Covid, there are only so many buyers and sellers out there and there will be fewer looking to buy in 2022.<\/li>\n<li><strong><a aria-describedby=\"tt\" href=\"https:\/\/propertyupdate.com.au\/glossary\/apra\/\" class=\"glossaryLink\" data-cmtooltip=\"<div class=glossaryItemTitle>APRA<\/div><div class=glossaryItemBody>The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability\u00a0in Australia<br\/>Prudential regulation is concerned with maintaining the safety and soundness(...)<\/div>\">APRA<\/a> <\/strong>\u2013 is intent on slowing our markets using macroprudential controls<\/li>\n<\/ul>\n<p>This will lead to a two-tier property market \u2013 in other words, not all locations will continue growing strongly moving forward.<\/p>\n<p>I can see properties located in the inner and middle-ring suburbs, particularly in gentrifying locations, significantly outperforming cheaper properties in the outer suburbs.<\/p>\n<p>While the outer suburban and more affordable end of the markets have performed strongly so far, affordability is now becoming an issue as the locals have had minimum little wages growth of the time when property prices have boomed.<\/p>\n<p>In these locations, the residents don\u2019t have more money in their pay packet to pay the higher prices the properties are now achieving.<\/p>\n<p>More than that, Covid19 has adversely affected low-income earners to a greater extent than middle and high-income earners who are likely to recover their income back to pre-pandemic levels more quickly, while many have not been hit at all.<\/p>\n<p>And as we start to emerge from our Covid Cocoons there will be a flight to quality properties and an increased emphasis on liveability.<\/p>\n<p>As their priorities change, some buyers will be willing to pay a little more for properties with \u201cpandemic appeal\u201d and a little more space and security, but it won\u2019t be just the property itself that will need to meet these newly evolved needs \u2013 a \u201cliveable\u201d location will play a big part too.<\/p>\n<p>Those who can afford it will pay a premium for the ability to work, live and play within a 20-minute drive, bike ride or walk from home.<\/p>\n<p>They will look for things such as shopping, business services, education, community facilities, recreational and sporting resources, and some jobs all within 20 minutes\u2019 reach.<\/p>\n<h2><span id=\"herersquos-what-the-banks-say\">Here\u2019s what the banks say<\/span><\/h2>\n<p>Recently all our 4 big banks have updated their property price forecasts in response to the market\u2019s resilience in the face of extended lockdowns.<\/p>\n<p>In its latest update, ANZ stated house price growth will slow over the next year to 6% after median house prices boomed 21.9% over the year to September.<\/p>\n<p>The bank suggested that rising house prices will deter some home buyers, while\u00a0<a class=\"glossaryLink\" style=\"box-sizing: border-box; background: 0px center; color: #d35400 !important; text-decoration: none !important; border-bottom: 1px dotted #000000 !important; display: inline !important;\" href=\"https:\/\/propertyupdate.com.au\/glossary\/apra\/\" aria-describedby=\"tt\" data-cmtooltip=\"<div class=glossaryItemTitle>APRA<\/div><div class=glossaryItemBody>The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability\u00a0in Australia<br\/>Prudential regulation is concerned with maintaining the safety and soundness(...)<\/div>\">APRA<\/a>\u2019s decision to ensure new borrowers can service a mortgage if interest rates jump 3% will put a brake on lending.<\/p>\n<p>While we genuinely generally concur with ANZ\u2019s forecast for 2022, we can\u2019t see a good reason for house prices to fall in 2023 unless\u00a0<a class=\"glossaryLink\" style=\"box-sizing: border-box; background: 0px center; color: #d35400 !important; text-decoration: none !important; border-bottom: 1px dotted #000000 !important; display: inline !important;\" href=\"https:\/\/propertyupdate.com.au\/glossary\/apra\/\" aria-describedby=\"tt\" data-cmtooltip=\"<div class=glossaryItemTitle>APRA<\/div><div class=glossaryItemBody>The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability\u00a0in Australia<br\/>Prudential regulation is concerned with maintaining the safety and soundness(...)<\/div>\">APRA<\/a>\u00a0intervenes and tightens the availability of credit.<\/p>\n<p>Sure housing market growth will slow, the current levels of growth are unsustainable in the long term, but our improving economy and the opening of our international borders next year will underpin demand for housing.<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ANZ-forecasts-1.jpeg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159316 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ANZ-forecasts-1-938x692.jpeg\" alt=\"Anz Forecasts\" width=\"938\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ANZ-forecasts-1-938x692.jpeg 938w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ANZ-forecasts-1-300x221.jpeg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ANZ-forecasts-1-1536x1133.jpeg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ANZ-forecasts-1-1160x855.jpeg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ANZ-forecasts-1-270x200.jpeg 270w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ANZ-forecasts-1.jpeg 1798w\" data-sizes=\"(max-width: 938px) 100vw, 938px\"\/><\/a><\/p>\n<p>\u00a0<\/p>\n<h2><span id=\"herersquos-whatrsquos-been-happening-to-australian-house-prices-over-the-last-yearhellip\">Here\u2019s what\u2019s been happening to Australian house prices over the last year\u2026<\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159550 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/dwelling-values-1-1160x635.jpg\" alt=\"Dwelling Values\" width=\"1160\" height=\"635\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/dwelling-values-1-1160x635.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/dwelling-values-1-300x164.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/dwelling-values-1-1264x692.jpg 1264w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/dwelling-values-1.jpg 1434w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159976 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Inflation-1038x692.gif\" alt=\"Inflation\" width=\"1038\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Inflation-1038x692.gif 1038w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Inflation-300x200.gif 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Inflation-1536x1024.gif 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Inflation-2048x1366.gif 2048w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Inflation-1160x773.gif 1160w\" data-sizes=\"(max-width: 1038px) 100vw, 1038px\"\/><\/p>\n<p style=\"text-align: center;\">Source: NAB, CoreLogic, December 6th 2021<\/p>\n<h2><span id=\"so-how-long-will-this-cycle-continue\">So how long will this cycle continue?<\/span><\/h2>\n<p>Remember the current upturn phase of the property cycle only commenced in October 2020.<\/p>\n<p>Normally the upturn stage of the property cycle lasts a number of years and is followed by a shorter boom phase which is eventually cut short by the RBA raising interest rates or by <a aria-describedby=\"tt\" href=\"https:\/\/propertyupdate.com.au\/glossary\/apra\/\" class=\"glossaryLink\" data-cmtooltip=\"<div class=glossaryItemTitle>APRA<\/div><div class=glossaryItemBody>The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability\u00a0in Australia<br\/>Prudential regulation is concerned with maintaining the safety and soundness(...)<\/div>\">APRA<\/a> introducing macroprudential controls to dampen the exuberance of property investors and home buyers.<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/apra.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-157487 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/apra-300x225.jpg\" alt=\"Apra\" width=\"300\" height=\"225\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/apra-300x225.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/apra.jpg 800w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p>However, this time around we have experienced an unprecedented rate of growth seeing our property markets perform even more strongly than anyone ever expected, with the rates of house price growth at levels not seen for a number of decades.<\/p>\n<p>While a lot has been said about the +20% increase in property values many locations have enjoyed so far this cycle, it must be remembered that the last peak for our property markets was in 2017 and in many locations housing prices remain stagnant over a subsequent couple of years and it was really only earlier this year that new highs were reached.<\/p>\n<p>This means that average price growth was unexceptional over the long term, averaging out at around 4 percent per annum over the last 5 years<\/p>\n<p>But our financial regulator <a aria-describedby=\"tt\" href=\"https:\/\/propertyupdate.com.au\/glossary\/apra\/\" class=\"glossaryLink\" data-cmtooltip=\"<div class=glossaryItemTitle>APRA<\/div><div class=glossaryItemBody>The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability\u00a0in Australia<br\/>Prudential regulation is concerned with maintaining the safety and soundness(...)<\/div>\">APRA<\/a> recently instructed banks and other authorised lenders that from November borrowers will need to be able to meet repayments at least 3 per cent higher than the loan product rate to receive a loan.<\/p>\n<p>If, for example, you apply for a mortgage with an interest rate of 2.5 per cent, the bank must now assess that you will still be able to make repayments if the rate rises to 5.5 per cent \u2013 rather than the previous serviceability assumption of 5 per cent.<\/p>\n<p>These changes mean the maximum borrowing capacity for the average borrower will reduce by around 5 per cent.<\/p>\n<p>Interestingly the new 3 per cent buffer rate does not apply to non-bank lenders. However, <a aria-describedby=\"tt\" href=\"https:\/\/propertyupdate.com.au\/glossary\/apra\/\" class=\"glossaryLink\" data-cmtooltip=\"<div class=glossaryItemTitle>APRA<\/div><div class=glossaryItemBody>The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability\u00a0in Australia<br\/>Prudential regulation is concerned with maintaining the safety and soundness(...)<\/div>\">APRA<\/a> is considering including them in the future.<\/p>\n<p>While tougher lending standards will certainly take some heat out of Australia\u2019s property markets by restricting the number of people that can get home loans, or lessen the amount they can borrow, it seems like the regulators are aiming to gently apply the brakes to the housing market, rather than slam them on.<\/p>\n<p>Now I know some people are worried and wondering <em>\u201cAre the Australian property markets going to crash in 2022?\u201d<\/em><\/p>\n<p>They hear the <span style=\"font-family: -apple-system, BlinkMacSystemFont, 'segoe ui', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'helvetica neue', sans-serif;\">perpetual property pessimists<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'segoe ui', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'helvetica neue', sans-serif;\">\u00a0<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'segoe ui', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'helvetica neue', sans-serif;\">who\u2019ve been chasing headlines and <\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'segoe ui', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'helvetica neue', sans-serif;\">telling everyone who\u2019s prepared to listen<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'segoe ui', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'helvetica neue', sans-serif;\"> that the Australian property markets are going to crash and housing values could drop up to 20% \u2013 but just look at the terrible track records \u2013 they\u2019ve been predicting htis every year for the last decade and they\u2019ve been wrong.<\/span><\/p>\n<p>Our property markets are just going to move out of the sixth gear into third or fourth gear \u2013 they are not going into reverse.<\/p>\n<p>Back to the question of when will this property cycle end \u2013 there is little doubt that Macro-Prudential controls will have a negative impact on our property markets and slow the rate of growth of housing values.<\/p>\n<p>After all, that\u2019s what they\u2019re intended to do.<\/p>\n<p>Whether the markets will just experience slower growth or stop dead in their tracks will depend on what measures are introduced.<\/p>\n<p>Targeting debt to income ratios will have a limited impact on higher wealth households, who often have multiple streams of income.<\/p>\n<p>However, it will affect lower-income households and those purchasing property for the first time.<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/scale.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-157696 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/scale-300x225.jpg\" alt=\"Scale\" width=\"300\" height=\"225\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/scale-300x225.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/scale.jpg 800w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p>If you think about it, first home buyers don\u2019t have a \u201ctrade-in\u201d of a previous home and therefore need to borrow higher loan to value ratios.<\/p>\n<p>On the one hand, the government says it wants to encourage first home buyers, and on the other hand, it is encouraging the regulators to sideline them.<\/p>\n<p>So in the meantime, it\u2019s just waiting and see what our regulators choose to do.<\/p>\n<p>I hope they have learned from the results of previous interventions, otherwise, if history repeats itself, there will be some unintended consequences.<\/p>\n<p>Watch this space.<\/p>\n<p><strong><\/p>\n<hr style=\"margin:px 0\"\/>NOW READ<\/strong>: <a href=\"https:\/\/propertyupdate.com.au\/australian-economic-recovery-reasons-for-optimism\/\" target=\"_blank\" rel=\"noopener\">Seven reasons for optimism about our economic recovery.<\/a><\/p>\n<hr style=\"margin:px 0\"\/>\n<p>Yet despite all the challenges, our housing markets just keep bounding along\u2026<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-160253 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/monthly-change-2-1160x357.jpg\" alt=\"Monthly Change\" width=\"1160\" height=\"357\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/monthly-change-2-1160x357.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/monthly-change-2-300x92.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/monthly-change-2.jpg 1432w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<p style=\"text-align: center;\"><em>Source: Corelogic December 20th, 2021<\/em><\/p>\n<h2><span id=\"whatrsquos-ahead-for-our-property-markets\">What\u2019s ahead for our property markets?<\/span><\/h2>\n<h5>Let\u2019s have a look at 6 property trends that I think will occur in 2022.<\/h5>\n<ol>\n<li><strong>Property demand from home buyers is going to continue to be strong<\/strong><\/li>\n<\/ol>\n<p>Currently, home prices are surging around Australia, auction clearance rates remain high, and the media keeps reminding us we\u2019re in a property boom.<\/p>\n<p>The result is emotions are running high at the moment, with FOMO (fear of missing out) being a common theme around Australia\u2019s property markets.<\/p>\n<p>One of the leading indicators I watch carefully is finance housing approvals, and these are suggesting that more Aussies are looking at getting into property and we will have strong ongoing demand from owner-occupiers and investors over the next 6 months.<\/p>\n<p>Now, with borrowing costs lower than they ever have been, the reassurance from the RBA that interest rates won\u2019t rise for a number of years, it is likely that buyer demand will remain strong throughout 2022.<\/p>\n<p>In fact, this is a self-fulfilling prophecy\u2026<\/p>\n<p>As property values increase and the media reports more positively about our property markets, FOMO will mean more buyers will be keen to get in the market before it prices them out.<\/p>\n<p><strong>2. Investors will squeeze out first home buyers<\/strong><\/p>\n<p>While there were many first-time buyers (FHB\u2019s) in the market in the first half of the year, buoyed by the many incentives being offered to them, now demand from FHB\u2019s is fading and property investors re-enter the market and property values rise.<\/p>\n<p>Of course over the last few years, investor lending has been low, but with historically low-interest rates and easing lending restrictions, investors are back with a vengeance.<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/lending-investor-by-state.png\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-155617 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/lending-investor-by-state-1160x714.png\" alt=\"Lending Investor By State\" width=\"1160\" height=\"714\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/lending-investor-by-state-1160x714.png 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/lending-investor-by-state-300x185.png 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/lending-investor-by-state-1124x692.png 1124w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/lending-investor-by-state-1536x945.png 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/lending-investor-by-state.png 2031w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/a><\/p>\n<p><strong>3. Property Prices will continue to rise<\/strong><\/p>\n<p>While many factors affect property values, the main drivers of property price growth are consumer confidence, low-interest rates, economic growth and a favourable supply and demand ratio.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-50287 img-responsive img-responsive\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/08\/trends-rise-house-growth-property-market-300x200.jpg?w=300&quality=70&f=auto 300w,\" alt=\"trends rise house growth property market\" width=\"300\" height=\"200\" src=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/08\/trends-rise-house-growth-property-market-300x200.jpg?quality=70&f=auto\"\/>As always, there are multiple real estate markets around Australia, but in general property values should increase strongly throughout 2022.<\/p>\n<p>However certain segments of the market will still continue to suffer, in particular in the city apartment towers and accommodation around universities until we get the influx of migrants and international students that the government is encouraged to return to Australia.<\/p>\n<p>While overall vacancy rates are low in range to rising, some rental markets will remain challenged \u2013 in particular, the inner-city apartment markets which are reliant on students, tourists (AirBNB) and overseas arrivals.<\/p>\n<p>But overall, Australia\u2019s low mortgage rates continue to underpin very strong growth in property prices throughout the country.<\/p>\n<p><b>House prices will rise further<\/b><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-153928 img-responsive img-responsive img-responsive\" sizes=\"auto, (max-width: 713px) 100vw, 713px\" srcset=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/06\/Chart-MY-5.jpg?quality=70&f=auto&quality=70&f=auto&quality=70&f=auto 713w,https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/06\/Chart-MY-5-300x181.jpg?quality=70&f=auto&quality=70&f=auto&quality=70&f=auto 300w,\" alt=\"Chart My 5\" width=\"713\" height=\"429\" src=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/06\/Chart-MY-5.jpg?quality=70&f=auto\"\/><\/p>\n<p><a href=\"https:\/\/propertyupdate.com.au\/rba-concerns-underline-mid-to-long-term-risks-for-the-housing-market\/\" target=\"_blank\" rel=\"noopener\">Ongoing strength in housing finance<\/a>, elevated auction clearance rates, and continued low stock levels suggest housing prices will continue to rise solidly through 2021.<\/p>\n<p><strong>4. People will pay a premium to be in the right neighbourhood<\/strong><\/p>\n<p>If Coronavirus taught us anything, it was the importance of living in the right type of property in the right neighbourhood.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-142603 img-responsive img-responsive\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/australia-suburbs-300x200.jpeg?quality=70&f=auto 300w,https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/australia-suburbs-1038x692.jpeg?quality=70&f=auto 1038w,https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/australia-suburbs-1536x1024.jpeg?quality=70&f=auto 1536w,https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/australia-suburbs-scaled.jpeg?quality=70&f=auto 2048w,https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/australia-suburbs-1160x773.jpeg?quality=70&f=auto 1160w,\" alt=\"Australia Suburbs\" width=\"300\" height=\"200\" src=\"https:\/\/cdn.statically.io\/img\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/australia-suburbs-300x200.jpeg?quality=70&f=auto\"\/>In our new \u201cCovid Normal\u201d world, people will pay a premium for the ability to work, live and play within a 20-minute drive, bike ride or walk from home.<\/p>\n<p>They will look for things such as shopping, business services, education, community facilities, recreational and sporting resources, and some jobs all within 20 minutes reach.<\/p>\n<p>Residents of these neighbourhoods have now come to appreciate the ability to be out and about on the street socialising, supporting local businesses, being involved with local schools, enjoying local parks.<\/p>\n<p><strong>5. More expensive properties will\u00a0<\/strong><b>outperform<\/b><\/p>\n<p>The current property cycle was initially characterised by all segments of the market rising \u2013 other than inner-city high-rise apartments.<\/p>\n<p>But now the high end of the market is leading the growth in property values<\/p>\n<p>According to Corelogic, the high tier is the top 25% of property values in any given region.<\/p>\n<p>As of February, this refers to dwelling values at around $960,000 or higher for the combined capitals, with a typical value in the high tier around $1.2 million.<\/p>\n<p>Over February, the top 25% of values in the combined capital cities jumped 2.7% in value.\u00a0This was up from an increase of 0.5% in January.<\/p>\n<p>The middle 50% of dwelling values (the mid-tier) increased 1.5%, and the \u2018low\u2019 end of property values (the low tier) increased 1.2%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-155912 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/3-MONHTS-1210x692.jpg\" alt=\"3 Monhts\" width=\"1200\" height=\"686\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/3-MONHTS-1210x692.jpg 1210w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/3-MONHTS-300x172.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/3-MONHTS-1536x879.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/3-MONHTS-1160x663.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/08\/3-MONHTS.jpg 1661w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p>\u00a0<\/p>\n<p><strong>6. This is a cycle dominated by upgraders<\/strong><\/p>\n<p>The current property and economic environment, plus the scars left on many of us after a year of Covid related lockdowns have meant that Aussies are looking to upgrade their lifestyle.<\/p>\n<ol>\n<li>Many tenants are no longer happy to live in small dingy apartments and with an oversupply of rental units available in many areas, they are taking the opportunity to upgrade their accommodation.<\/li>\n<li>Other tenants who have managed to save a deposit are taking advantage of many of the many incentives available and are becoming first home buyers.<\/li>\n<li>With record low-interest rates and surging property markets, many existing homeowners or upgrading their accommodation to larger homes in better neighbourhoods. In fact, a recent survey suggested that one in three homeowners are looking to sell their home in the next five years.<\/li>\n<li>While small group homeowners are upgrading their lifestyle and moving out of the big smoke to regional Australia, more Aussies are looking to upgrade their lifestyle by moving to a better neighbourhood. As mentioned above, they love the thought that most of the things needed for a good life are just around the corner.<\/li>\n<li>Many Baby Boomers are looking to upgrade their accommodation by moving out of their old, tired family home into large family-friendly apartments or townhouses. But they\u2019re not looking for a sea change or tree change, they\u2019re keen to live in \u201c20-minute\u201d neighbourhoods close to their family and friends.<\/li>\n<\/ol>\n<h2><span id=\"what-about-the-long-term-prospects-for-our-property-markets\">What about the long term prospects for our property markets?<\/span><\/h2>\n<p>Currently, there are about 25.5 million Australians and in early 2021 the Government released the Intergenerational Report to help Australia and the businesses plan for the next 40 years \u2013.<\/p>\n<p>The IGR projects an Australian population of 38.8 million by 2060-61, and even though this is a little lower than previous projections \u2013 due to Covid slowing things down \u2013 this still means Australia\u2019s population is projected to grow faster than most other developed countries.<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/population-growth.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-157712 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/population-growth-300x200.jpg\" alt=\"Population Growth\" width=\"300\" height=\"200\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/population-growth-300x200.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/population-growth-1038x692.jpg 1038w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/population-growth-1536x1024.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/population-growth-1160x773.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/10\/population-growth.jpg 2000w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p>Despite the reduction of the projected population, these trends are truly monumental.<\/p>\n<p>If you think about it, it\u2019s taken Australia well over 200 years since European settlement to reach a population of 25.5 million people today.<\/p>\n<p>But in the next 40 years, our population will increase by around 13.3 million people.<\/p>\n<p>In other words, it will increase by over 50%!<\/p>\n<p>To make this worse, currently, there are 2.5 people in each household, but the IGR forecasts the average number of people in each household will shrink a little moving forward, meaning we are going to require about a third more real estate than we currently have.<\/p>\n<p>To deal with the projected population growth between now and 2061 it\u2019s likely we\u2019re going to require one new property built for every two properties that currently exists!<\/p>\n<p>All this means our way of living is going to change considerably and town planners will struggle to cope with this growth.<\/p>\n<p>Of course, this will impact property investment choices, but strategic, knowledgeable investors will be well-placed to capitalise on the changing trends.<\/p>\n<p>What this means is there will be many more high-rise towers of apartments, not just in the CBD but in our middle-ring suburbs \u2013 we are already starting to see that particularly in Melbourne and Sydney. And there will be lots more medium-density housing \u2013 in particular townhouses will be a popular way to live with modern large accommodation on more compact blocks of land.<\/p>\n<p>It would be foolish to try moving forward because no one really knows what\u2019s going to happen to inflation and interest rates, but as more of us want to live in the large capital cities of Australia, and in particular in those locations close to the CBD or the water where there will be more manatees, the scarcity will only push up the price of properties.<\/p>\n<h2><span id=\"whatrsquos-ahead-for-our-economy\">What\u2019s ahead for our economy?<\/span><\/h2>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>Economic growth has predictably retreated over the September quarter, but the results were significantly better than the gloomy numbers that had been widely forecast.<strong><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-109647 img-responsive img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/04\/recession-australia-note-money-economy-squeeze-tighten-save-saving-budget-cut-300x200-300x200.jpg\" alt=\"Recession Australia Note Money Economy Squeeze Tighten Save Saving Budget Cut 300x200\" width=\"300\" height=\"200\"\/><\/strong><\/p>\n<p>This certainly kills stone dead the prospects of another recession as was also predicted by many.<\/p>\n<p>The ABS reports that the national GDP contracted 1.9% seasonally adjusted over the September quarter which particularly reflects the impact of the coronavirus lockdown is in NSW and Victoria.<\/p>\n<p>State final demand contracted sharply over the September quarter in New South Wales by 6.5%, with Victoria down 1.4%, and Canberra falling 1.6%.<\/p>\n<p>All other states, with the exception of Western Australia, reported strong economic growth over the quarter.<\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/GDP-September.png\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159628 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/GDP-September.png\" alt=\"Gdp September\" width=\"1114\" height=\"542\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/GDP-September.png 1114w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/GDP-September-300x146.png 300w\" data-sizes=\"(max-width: 1114px) 100vw, 1114px\"\/><\/a><\/p>\n<div class=\"layoutArea\">\n<div class=\"column\">\n<div>\n<p>With lockdowns having ended in October, the prospect of a sharp rebound in economic activity is clearly likely over the December quarter with a sustained recovery set to continue over 2022.<\/p>\n<p>Although challenges remain with the emergence of coronavirus variants, the Australian economy has again proven resilient with consumer confidence rising with the ending of coronavirus elimination policies through lengthy lockdowns.<\/p>\n<\/div>\n<h2><span id=\"here-are-8-reasons-to-feel-positive-about-our-economic-future\">Here are 8 reasons to feel positive about our economic future<\/span><\/h2>\n<ol>\n<li>The Reserve Bank Governor has <strong>committed to leaving the cash rate at 0.1 per cent till 2024<\/strong>. .<\/li>\n<\/ol>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-25-at-7.15.34-pm-1.png\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-149482 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-25-at-7.15.34-pm-1.png\" alt=\"Long term interest rates\" width=\"968\" height=\"662\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-25-at-7.15.34-pm-1.png 968w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-25-at-7.15.34-pm-1-300x205.png 300w\" data-sizes=\"(max-width: 968px) 100vw, 968px\"\/><\/a><\/p>\n<p>2.\u00a0While <strong>inflation<\/strong> has picked up, it remains low in underlying terms.<\/p>\n<p>Inflation pressures are also less than they are in many other countries, not least because of the only modest wages growth in Australia.<\/p>\n<p>And importantly, the Board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range.<\/p>\n<p>This will require the labour market to be tight enough to generate wages growth that is materially higher than it is currently. This is likely to take some time.<\/p>\n<p>The Board is prepared to be patient, with\u00a0the central forecast being for underlying inflation\u00a0to be no higher than 2\u00bd per cent at the end of 2023 and for only a gradual increase in wages\u00a0growth.<\/p>\n<p>With inflation at best just in the mid-range target at the end of 2023 but wages growth to remain subdued by comparison, this continues to confirm that 2024 \u2013 at the earliest \u2013 remains the current RBA expectation for the next increase in official rates.<\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Inflation-forrcast.png\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159337 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Inflation-forrcast-786x692.png\" alt=\"Inflation Forrcast\" width=\"786\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Inflation-forrcast-786x692.png 786w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Inflation-forrcast-300x264.png 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Inflation-forrcast.png 1158w\" data-sizes=\"(max-width: 786px) 100vw, 786px\"\/><\/a><\/p>\n<p><strong>3. Unemployment<\/strong> is the focal point of all monetary and fiscal policy actions.<\/p>\n<p>And despite the concerns of what could happen to unemployment with the removal of Job Keeper, Australia\u2019s unemployment rate keeps falling.<\/p>\n<p>Sure with the lockdown is in late 2021 unemployment took a hit, but new job ads on SEEK rose 10.2% in October.<\/p>\n<p>This followed on from the strong 8.8% month on month rise in September.<\/p>\n<p>Not surprisingly NSW, Victoria and the ACT drove the result with those jurisdictions coming out of lockdown in the month.<\/p>\n<p>This suggests labour demand is strong and should see the unemployment rate resume its pre-lockdown downward trend (after a little lag.)<\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Unemployment-forecast-1.png\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159338 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Unemployment-forecast-1-810x692.png\" alt=\"Unemployment Forecast\" width=\"810\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Unemployment-forecast-1-810x692.png 810w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Unemployment-forecast-1-300x256.png 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Unemployment-forecast-1-1160x991.png 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/Unemployment-forecast-1.png 1196w\" data-sizes=\"(max-width: 810px) 100vw, 810px\"\/><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"page\" title=\"Page 7\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>\u00a0<\/p>\n<p>4. The Westpac <strong>consumer sentiment index<\/strong> is at decade highs while business confidence is at 31-month highs.<\/p>\n<p>Compared to prior downturns, the recovery in consumer sentiment is the sharpest seen in the history of the series and reminds us of the unusual nature of this shock and the extensive government support provided to households and businesses.<\/p>\n<\/div>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/02\/Screen-Shot-2021-02-11-at-2.29.54-pm.png\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-150379 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/02\/Screen-Shot-2021-02-11-at-2.29.54-pm-1160x736.png\" alt=\"Consumer confidence February 2021\" width=\"1160\" height=\"736\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/02\/Screen-Shot-2021-02-11-at-2.29.54-pm-1160x736.png 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/02\/Screen-Shot-2021-02-11-at-2.29.54-pm-300x190.png 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/02\/Screen-Shot-2021-02-11-at-2.29.54-pm-1090x692.png 1090w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/02\/Screen-Shot-2021-02-11-at-2.29.54-pm-1536x975.png 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/02\/Screen-Shot-2021-02-11-at-2.29.54-pm.png 1538w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/a><\/p>\n<\/div>\n<\/div>\n<div class=\"page\" title=\"Page 7\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>5. The <strong>success in suppressing the virus<\/strong> has enabled our states and territories to \u2018reopen\u2019 their economies.<\/p>\n<p>6. Governments, the Reserve Bank, commercial banks, and regulators have provided all the necessary<strong> support and stimulus<\/strong> to ensure as many businesses as possible stay in business and workers hold onto jobs.<\/p>\n<p>7. <strong>Borrowing costs<\/strong> for businesses, households, and governments are at \u2018rock bottom\u2019.<\/p>\n<p>8. The additional boost to confidence and future prospects comes from the prospect of a <strong>vaccine<\/strong>.<\/p>\n<p>Risks to our economy include further waves of virus cases; setbacks with vaccines; policy mistakes on the removal of support measures; and an extended delay in the re-opening of foreign borders.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Compared to prior downturns, the recovery in consumer sentiment is the sharpest seen in the history of the series and reminds us of the unusual nature of this shock and the extensive government support provided to households and businesses.<\/p>\n<p><strong>We\u2019re spending more<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/11\/credit-card-consumer-buy-shop-confidence-economy.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-55840 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/11\/credit-card-consumer-buy-shop-confidence-economy-300x148.jpg\" alt=\"credit-card-consumer-buy-shop-confidence-economy\" width=\"300\" height=\"148\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/11\/credit-card-consumer-buy-shop-confidence-economy-300x148.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/11\/credit-card-consumer-buy-shop-confidence-economy-1024x507.jpg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2015\/11\/credit-card-consumer-buy-shop-confidence-economy.jpg 1100w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"\/><\/a><\/strong><\/p>\n<p>The major banks regularly report their internal data on credit card spending and consumer activity which has lifted strongly over the last few months in part due to the opening up of Victoria but consumer spending is also strong in other states.<\/p>\n<p>Going forward, consumer spending faces headwinds from elevated unemployment, weak wages growth, tapering income support, and weak population growth.<\/p>\n<p>The government recognises that consumer spending is a key driver of economic activity and that\u2019s one of the reasons it is so keen to reduce unemployment and support our economy.<\/p>\n<p><strong>Property markets are booming<\/strong><\/p>\n<p>When Australians feel comfortable and confident about the value of their homes, their castle, they experience a wealth effect that encourages them to spend more.<\/p>\n<p><strong>The Stock Market is Rallying<\/strong><\/p>\n<p>Rising stock prices are important for several reasons \u2013 they show investors are confident in the earnings and profits of the business sector and they boost the wealth of shareholders which underpins confidence and spending.<\/p>\n<p><strong>A vaccine rollout is happening and boosting confidence<\/strong><\/p>\n<h2><span id=\"what-about-house-prices\">What about house prices?<\/span><\/h2>\n<p>Interestingly all the bank economists agree that it is likely that all our capital cities will experience strong house price growth over the next couple of years with house prices rising 20% to 30% over this property cycle.<\/p>\n<p>Of course, there isn\u2019t one Australian property market, or one Melbourne or Sydney property market so certain segments of the market will outperform.<\/p>\n<p>In particular, the more affluent suburbs of our capital cities where residents have higher wages growth and more cash stashed away from the Covid pandemic are likely to outperform.<\/p>\n<p><a href=\"https:\/\/investor.propertyupdate.com.au\/how-important-is-timing\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"aligncenter img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/11\/imgpsh_mobile_save.jpg\" alt=\"Imgpsh Mobile Save\"\/><\/a><\/p>\n<h3>Of course, at times like this, forecasting median house values are of little value.<\/h3>\n<p>Instead, one needs to get more granular to really understand what is really going on.<\/p>\n<p>Each state is divided into multiple markets, by geography, price point and type of accommodation.<\/p>\n<p>Each of our capital cities has an inner and near CBD property market, an inner suburban market, a group of middle-ring suburbs, and outer suburban property markets.<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/forecast.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-139717 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/forecast-300x160.jpg\" alt=\"Businessman And Statistics Trend\" width=\"300\" height=\"160\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/forecast-300x160.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/forecast-1301x692.jpg 1301w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/forecast-1160x617.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/forecast.jpg 2000w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p>And then there are apartments \u2013 either high-rise or medium-density \u2013\u00a0 townhouses, villa units, and houses.<\/p>\n<p>There are also new and establish property markets.<\/p>\n<p><strong>And each of these market segments behaves differently.<\/strong><\/p>\n<p>Currently, most of the property sales occurring are in the lowest price points with few discretionary sellers in the more established suburbs and higher bracket suburbs.<\/p>\n<p>This means that the palette of properties currently being sold is generally in the lower price bracket and this alone will bring down reported median home values.<\/p>\n<p>But this doesn\u2019t accurately reflect the value of particular properties in any specific market, but more of the types of properties being sold.<\/p>\n<p>We <a href=\"https:\/\/propertyupdate.com.au\/australian-property-market\/\" target=\"_blank\" rel=\"noopener\">regularly report buyer deman<\/a>d as being shown by realestate.com.au\u2019s <a href=\"https:\/\/www.realestate.com.au\/insights\/proptrack-housing-market-indicators-report-december-2021\/\" target=\"_blank\" rel=\"noopener\">Monthly Search Report<\/a> and as you can see from the chart below, buyer demand is considerably higher than a year ago, even though this chart shows how enquiries have slowed down and we\u2019ve moved from a \u201cwhite-hot market\u201d to a \u201cred hot\u201d market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159978 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/median-days-on-site-975x692.jpg\" alt=\"Median Days On Site\" width=\"975\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/median-days-on-site-975x692.jpg 975w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/median-days-on-site-300x213.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/median-days-on-site-1536x1090.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/median-days-on-site-1160x824.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/median-days-on-site.jpg 1603w\" data-sizes=\"(max-width: 975px) 100vw, 975px\"\/><\/p>\n<h2><span id=\"moving-forward-some-areas-will-strongly-outperform-others\">Moving forward some areas will strongly outperform others<\/span><\/h2>\n<p>The coronavirus pandemic has forced all Australians to reevaluate how we live our lives.<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/10\/AdobeStock_187007531.jpeg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-124117 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/10\/AdobeStock_187007531-300x200.jpeg\" alt=\"Latest property price forecasts revealed. What's ahead in our housing markets in the next year or two?\" width=\"300\" height=\"200\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/10\/AdobeStock_187007531-300x200.jpeg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/10\/AdobeStock_187007531-768x512.jpeg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/10\/AdobeStock_187007531-1024x683.jpeg 1024w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/10\/AdobeStock_187007531-1160x773.jpeg 1160w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p>Offices were shut, lockdowns were in place, and <span style=\"font-family: 'Segoe UI',sans-serif;\">moving forward people are likely to continue working at home more than ever.<\/span><\/p>\n<p>This means gone are the days where our \u2018home\u2019 was simply the place we rest our heads and enjoy some downtime between work and our social lives \u2013 the coronavirus social distancing has put an end to life as we once knew it.<\/p>\n<p>If social distancing and the Covid-19 environment have taught us anything, it has taught us the importance of the neighbourhood we live in.<\/p>\n<p>If you can leave your home and be within walking distance of, or a short trip to, a great shopping strip, your favourite coffee shop, amenities, the beach, a great park, the recently implemented coronavirus restrictions might seem a little more palatable than if you had none of that on your doorstep.<\/p>\n<p><strong><span lang=\"EN\">That\u2019s why choosing the right neighbourhood is important for property investors?<\/span><\/strong><\/p>\n<p>In short, it\u2019s all to do with <a href=\"https:\/\/propertyupdate.com.au\/why-capital-growth-beats-cash-flow-every-time\/\" target=\"_blank\" rel=\"noopener\">capital growth<\/a>, and we all know capital growth is critical for investment success, or just to create more stored wealth in the value of your home.<\/p>\n<p>Sure there is always the opportunity to add value through renovating your property or making a quick buck when buying well.<\/p>\n<p>But these are one off\u2019s and won\u2019t make a long-term difference if your property is not in the right location because <a href=\"https:\/\/propertyupdate.com.au\/location-location-location-why-up-to-two-thirds-of-property-investors-may-get-it-wrong\/\" target=\"_blank\" rel=\"noopener\">you can\u2019t change its location<\/a>.<\/p>\n<p>This is key because we know that 80% of a property\u2019s performance is dependent on the location and its neighbourhood.<\/p>\n<p>In fact, some locations have even outperformed others by 50-100% over the past decade.<\/p>\n<p>And it\u2019s likely that moving forward, thanks to the current environment, people will place a greater emphasis on neighbourhood and inner and middle-ring suburbs where more affluent occupants and tenants will be living.<\/p>\n<p>These \u2018liveable\u2019 neighbourhoods with close amenities are where capital growth will outperform.<\/p>\n<p><strong>How do we identify these locations?<\/strong><\/p>\n<p><span style=\"font-family: 'Segoe UI',sans-serif;\">What makes some locations more desirable than others?<\/span><\/p>\n<p>A lot has to do with the demographics \u2013 locations that are gentrifying and also locations that are lifestyle locations and destination locations that aspirational and affluent people want to live in will outperform.<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/neighbour.jpg\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-121887 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/neighbour-300x188.jpg\" alt=\"Neighbour\" width=\"300\" height=\"188\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/neighbour-300x188.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/09\/neighbour.jpg 620w\" data-sizes=\"(max-width: 300px) 100vw, 300px\"\/><\/a><\/p>\n<p>It\u2019s well known that the rich do not like to travel and they are prepared to and can afford to pay for the privilege of living in lifestyle suburbs and locations with\u00a0a <a href=\"https:\/\/propertyupdate.com.au\/will-walkable-suburbs-outperform-in-the-future\/\">high walk score<\/a>\u2013 meaning they have easy access to everything they need.<\/p>\n<p>So lifestyle and destination suburbs where there is a wide range of amenities with 20 minutes walk or drive are likely to outperform in the future.<\/p>\n<p>At the same time, many of these suburbs will be undergoing <a href=\"https:\/\/propertyupdate.com.au\/the-six-stages-of-suburb-gentrification\/\" target=\"_blank\" rel=\"noopener\">gentrification<\/a>\u00a0 \u2013 these will be suburbs where incomes are growing, which therefore increase people\u2019s ability to afford, and pay higher prices, for property.<\/p>\n<p>A good neighbourhood means different things to different people, but there are some key factors that help to determine which locations have the potential to grow in value faster in the future.<\/p>\n<p>Generally, a good neighbourhood is determined by the physical location, suburb character, and its close proximity to amenities such as a shopping strip, park, coffee shops, education, and even some jobs.<\/p>\n<p>It\u2019s obvious then that in our new \u2018Covid\u2019 world, people will want to be in a location where <a href=\"https:\/\/propertyupdate.com.au\/what-type-of-property-will-be-popular-post-corona-virus\/\" target=\"_blank\" rel=\"noopener\">everything they need is in short 20-minute proximity<\/a> \u2013 whether that is on public transport, bike ride or walks \u2013 to their home.<\/p>\n<p>In planning circles, this concept is known as the \u201820-minute neighbourhood\u2019.<\/p>\n<p>Many inner suburbs of Australia\u2019s capital cities and parts of their middle suburbs already meet the 20-minute neighbourhood tests, but very few outer suburbs do because there is a lower developmental density, less diversity in its community, and less access to public transport.<\/p>\n<h3><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">Supply and demand<\/span><\/h3>\n<p>Rising property prices are the result of two basic economic concepts: \u201cSupply and Demand\u201d and \u201cInflation\u201d.<\/p>\n<p>However, there is a sub-component of Demand, called \u201cCapacity-to-Pay\u201d, which is often overlooked.<\/p>\n<p>Understanding how these concepts work together to affect real estate is crucial to one\u2019s belief or doubt about whether real estate values will rise.<\/p>\n<p>In a free-market economy, prices of any commodity will tend to drop when supply is high and demand is low.<\/p>\n<p>In other words, when there is more than enough of something, it is said to be a <strong>\u201c<a aria-describedby=\"tt\" href=\"https:\/\/propertyupdate.com.au\/glossary\/buyers-market\/\" class=\"glossaryLink\" data-cmtooltip=\"<div class=glossaryItemTitle>Buyer\u2019s Market<\/div><div class=glossaryItemBody>A buyer\u2019s market is when supply exceeds demand, giving purchasers an advantage over\u00a0sellers\u00a0in price negotiations.This is the basic premise of the <strong>Law of Supply and Demand.<\/strong>Put simply, if there are plenty of sellers looking to sell, but few buyers looking to buy, then prices are likely to fall(...)<\/div>\">buyer\u2019s market<\/a>\u201d<\/strong> because sellers must compete, typically by lowering the price, to attract a buyer.<\/p>\n<p>Conversely, when supply is low and demand is high, prices will tend to rise as buyers bid up pricing to compete for the limited supply.\u00a0\u00a0This is called a \u201c<strong>seller\u2019s market\u201d.<\/strong><\/p>\n<p>Let\u2019s look at it this way\u2026.<\/p>\n<ul>\n<li><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">With regard to <\/span><strong style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">supply<\/strong><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">\u2026. they aren\u2019t making any more real estate in the most desirable areas and by this, I\u2019m talking about the dirt, not the buildings.<\/span><\/li>\n<li>With regards to <strong style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">demand<\/strong><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">, Australia has a business plan to increase of population to 40,000,000 people in the next 30 years.\u00a0<\/span><\/li>\n<\/ul>\n<p>For the last few decades, continued strong <strong>population growth <\/strong>has been a key driver supporting our property markets.<\/p>\n<p>Australia\u2019s population was growing by around 360,000 people per annum, meaning we needed to build around 170 to 180,000 new dwellings each year to accommodate all the new households.<\/p>\n<p>Since 60% of our growth is dependent on immigration, in the short-term population growth will fall, but they should increase again as soon as overseas immigrants will be allowed to come to our shores.<\/p>\n<p>However, more and more ex-pats are returning to Australia.<\/p>\n<p>At the same time, the number of new properties listed for sale in our capital cities is falling creating an imbalance of supply and demand<a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/03\/new-listings-brisbane.png\"><br \/><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-160234 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/time-on-market-1-1160x437.jpg\" alt=\"Time On Market\" width=\"1160\" height=\"437\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/time-on-market-1-1160x437.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/time-on-market-1-300x113.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/time-on-market-1.jpg 1432w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-160235 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/vendor-discount-1160x405.jpg\" alt=\"Vendor Discount\" width=\"1160\" height=\"405\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/vendor-discount-1160x405.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/vendor-discount-300x105.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/vendor-discount.jpg 1421w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<p style=\"text-align: center;\">Source: Corelogic December 20th, 2021<\/p>\n<h2><span id=\"what-about-affordability\">What about affordability?<\/span><\/h2>\n<p>With interest rates at historic lows, housing affordability is as cheap as it ever has been.<\/p>\n<p>I\u2019m not saying the properties are cheap \u2013 they never have been if you want to live in great locations in major world-class cities.<\/p>\n<p>But for those first home buyers wanting to get a foot on the property ladder, or established home buyers wanting to upgrade, or investors looking to hold onto a property, the holding costs are less than they ever have been.<\/p>\n<p>And the RBA has declared that the interest rate will not increase until unemployment is back to within its preferred range of around 4.5%.<\/p>\n<p>They have said this will be unlikely to occur in the next three years.<\/p>\n<p>In other words, we are in unprecedented times where we don\u2019t have to worry about rising interest rates in the foreseeable future<\/p>\n<p>Of course, rising property prices are an increasing issue for First Home Buyers who are not bringing a \u201ctrade-in\u201d to the market.<\/p>\n<p>As opposed to an established homebuyer who has a \u201ctrade-in\u201d that is increasing in value, if first home buyers wait to get into the market they\u2019re finding the market moving faster than they can save, so they\u2019re hopping on board the property train as quickly as they can.<\/p>\n<p>First home buyer affordability has declined for the second consecutive quarter according to Dr. Andrew Wilson, reinforcing the latest ABS data that revealed first home buyer numbers \u2013 although still strong \u2013 have fallen over recent months.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-152797 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/first-home-buyer-1160x601.jpg\" alt=\"First Home Buyer\" width=\"1160\" height=\"601\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/first-home-buyer-1160x601.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/first-home-buyer-300x155.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/05\/first-home-buyer.jpg 1201w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<h2><span id=\"australian-house-price-forecasts\">Australian house price forecasts<\/span><\/h2>\n<p>In the medium term, property values will be linked to the extent that our economic recovery affects income, employment, borrowing capacity, and credit availability.<\/p>\n<p>However, I\u2019m comfortable with the underlying long-term fundamentals supporting our property markets in the medium to long term.<\/p>\n<p>Let\u2019s look at a couple of them\u2026<\/p>\n<p>As I said, in the short-term population growth will fall, but this should increase again now that the gates have been opened and over 200,000 overseas immigrants will be allowed to come to our shores.<\/p>\n<p>Of course Australia is likely to be seen as one of the safe haven\u2019s in the world moving forward.<\/p>\n<p>The oversupply of dwellings in many Australian locations is now dwindling and there are very few new large projects on the drawing board.<\/p>\n<p>Considering how long it takes to build new estates or large apartment complexes, we\u2019re going to experience an undersupply of well-located properties in our capital cities in the next year or two.<\/p>\n<ul>\n<li><strong>Interest rates are low <\/strong><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-141817 img-responsive jetpack-lazy-image jetpack-lazy-image--handled img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/04\/vacancy-300x196.jpg\" data-sizes=\"(max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/04\/vacancy-300x196.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/04\/vacancy.jpg 629w\" alt=\"Vacancy\" width=\"300\" height=\"196\" data-lazy-loaded=\"1\"\/><\/li>\n<\/ul>\n<p>The prevailing low-interest-rate environment is making it easier to own a home, either as an owner-occupier or investor.<\/p>\n<p>In fact, it\u2019s never been cheaper for investors to own a property with the \u201cnet outlay\u201d \u2013 the out-of-pocket expenses \u2013 being the lowest they\u2019ve been for decades considering how cheap finance is today.<\/p>\n<ul>\n<li><strong>Smaller households are becoming the norm<\/strong><\/li>\n<\/ul>\n<p>Sure many people live in a multigenerational household, but pretty soon Millennials will make up one-third of the property market and their households tend, in general, to be smaller as are the households of the booming 65+ year old demographic.<\/p>\n<p>More one and two people households mean that moving forward, we will need more dwellings for the same number of people.<\/p>\n<p>Soon 40% of our population will be renters, partly because of affordability issues but also because of lifestyle choices.<\/p>\n<p>The government isn\u2019t providing accommodation for these people. That\u2019s up to you and me as property investors.<\/p>\n<ul>\n<li><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\"><b>Investors are back in the market <\/b>with a vengeance.<\/span><\/li>\n<li><strong>The underlying economic fundamentals are strong\u00a0<\/strong><\/li>\n<li><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">And <strong>Australia\u2019s banking system is strong, stable, and sound.<\/strong><\/span><\/li>\n<\/ul>\n<p>Even though a few home buyers have overcommitted themselves financially, there should be no real concern about household debt because, in general, it is in the hands of those who can afford it.<\/p>\n<p>There is currently a very low rate of mortgage default of mortgage to increase.<\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignright size-medium wp-image-139759 img-responsive jetpack-lazy-image jetpack-lazy-image--handled img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/sydney-300x196.jpg\" data-sizes=\"(max-width: 300px) 100vw, 300px\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/sydney-300x196.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/sydney-1057x692.jpg 1057w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/sydney-1160x759.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/01\/sydney.jpg 2000w\" alt=\"Sydney\" width=\"300\" height=\"196\" data-lazy-loaded=\"1\"\/><\/h2>\n<p>Sydney has once again recorded one of the largest rises in housing values over the month, but it\u2019s also the city that has recorded the sharpest reduction in the pace of capital gains from earlier highs.<\/p>\n<p>Sydney is the most expensive capital city by some margin and it\u2019s also been the city where values have risen the most over the first seven months of the year.<\/p>\n<p>Worsening affordability is likely a key contributing factor in the slowdown here, along with the negative impact on consumer sentiment as the city moves through an extended lockdown period.<\/p>\n<p>Sydney house values are now up 25.8% over the past twelve months, while unit values are up less than half that rate.<\/p>\n<p>With a 7.6% rise in values over the year.<\/p>\n<p>In fact apartments in high supply areas such as the cookie-cutter high rise CBD towers present a significant risk to property investors.<\/p>\n<p>This trend already occurred prior to COVID-19 where certain areas in Sydney experienced major unit oversupply.<\/p>\n<p>It seems the property investors are slowly understanding the risks associated with high-rise tower apartments in Sydney including potential construction defects, high vacancy rates, lack of scarcity, lack of capital growth, and the challenges of buying in buildings that are predominantly owned by investors, and often many overseas investors.<\/p>\n<p>Real estate in Sydney\u2019s larger regional locations, and in particular in lifestyle locations like Byron Bay, the Central Coast, the Hunter Valley, Wollongong, New South Wales south coast should perform strongly this year with beachside suburbs likely to outperform the wider overall market<\/p>\n<p>The resurgence of buyer and seller interest in the Sydney property market has meant that auction clearance rates have consistently been in the high 70% \u2013 80% range suggesting there are more buyers than there are sellers and this always leads to higher property prices<\/p>\n<p>More investors are getting into the Sydney market now recognising that there are no bargains to be found and that in 12 months time the properties they purchased today will look like a bargain.<\/p>\n<p>Sure there are fewer good properties for sale at the moment, and many of the good ones are for sale off-market, however, if you\u2019d like to know a bit more about how to find these investment gems give the <a href=\"https:\/\/sydneybuyersagent.com.au\/\" target=\"_blank\" rel=\"noopener\"><strong>Metropole Sydney<\/strong><\/a><strong>\u00a0<\/strong>team a call on\u00a0<strong>1300 METROPOLE<\/strong>\u00a0or\u00a0<a href=\"https:\/\/metropole.com.au\/property-investment-australia\/investor-enquiry-form\/\" target=\"_blank\" rel=\"noopener\">click here<\/a>\u00a0and leave your details.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159979 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/sydney-1527x692.jpg\" alt=\"Sydney\" width=\"1200\" height=\"544\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/sydney-1527x692.jpg 1527w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/sydney-300x136.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/sydney-1536x696.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/sydney-1160x526.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/sydney.jpg 1876w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159893 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/syd02-1160x553.jpg\" alt=\"Syd02\" width=\"1160\" height=\"553\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/syd02-1160x553.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/syd02-300x143.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/syd02.jpg 1304w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159893 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/syd02-1160x553.jpg\" alt=\"Syd02\" width=\"1160\" height=\"553\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/syd02-1160x553.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/syd02-300x143.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/syd02.jpg 1304w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159329 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/NSW-605x692.jpg\" alt=\"Nsw\" width=\"605\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/NSW-605x692.jpg 605w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/NSW-262x300.jpg 262w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/NSW.jpg 846w\" data-sizes=\"(max-width: 605px) 100vw, 605px\"\/><\/p>\n<p>Melbourne\u2019s housing market has moved through another solid month of growth with housing values rising 0.6% over the month of November.<\/p>\n<p><a href=\"https:\/\/metropole.com.au\/metropole-melbourne\/\" target=\"_blank\" rel=\"noopener\">Melbourne housing prices<\/a> are now at new record highs having increased 16.3% in the last year.<\/p>\n<p>While the annual rate of growth is about the decade average, it\u2019s the lowest annual increase across the capital cities.<\/p>\n<p>The softer performance relative to other regions is due to a few different factors.<\/p>\n<p>These include weaker unit market conditions where values are up by 5.6% over the year, weaker demographic trends as population growth is negatively impacted by closed international borders and stronger migration to the regional areas of the state and a more significant impact from COVID outbreaks and associated lockdowns.<\/p>\n<p>At\u00a0<a href=\"https:\/\/melbournebuyersagent.com.au\/property-investment-melbourne\/\" target=\"_blank\" rel=\"noopener\">Metropole<\/a> we\u2019re finding that strategic investors and homebuyers looking to upgrade are actively out picking the eyes out of the market.<\/p>\n<p>While overall Melbourne property values are likely to increase by double digits in 2021, like all our capital cities there is not <em>one<\/em> Melbourne property market, and A-grade homes and investment-grade properties are likely to exhibit strong double-digit capital growth.<\/p>\n<p>Sure there are fewer good properties for sale at the moment, and many of the good ones are for sale off-market, however, if you\u2019d like to know a bit more about how to find these investment gems give the <a href=\"http:\/\/www.melbournebuyersagent.com.au\" target=\"_blank\" rel=\"noopener\"><strong>Metropole Melbourne<\/strong><\/a><strong>\u00a0<\/strong>team a call on\u00a0<strong>1300 METROPOLE<\/strong>\u00a0or\u00a0<a href=\"https:\/\/metropole.com.au\/property-investment-australia\/investor-enquiry-form\/\" target=\"_blank\" rel=\"noopener\">click here<\/a>\u00a0and leave your details.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159980 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Melbourne-1587x692.jpg\" alt=\"Melbourne\" width=\"1200\" height=\"523\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Melbourne-1587x692.jpg 1587w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Melbourne-300x131.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Melbourne-1536x670.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Melbourne-1160x506.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Melbourne-800x350.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Melbourne.jpg 1901w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159891 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/melb02.jpg\" alt=\"Melb02\" width=\"1112\" height=\"624\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/melb02.jpg 1112w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/melb02-300x168.jpg 300w\" data-sizes=\"(max-width: 1112px) 100vw, 1112px\"\/><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159890 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/melb01.jpg\" alt=\"Melb01\" width=\"1109\" height=\"625\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/melb01.jpg 1109w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/melb01-300x169.jpg 300w\" data-sizes=\"(max-width: 1109px) 100vw, 1109px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159330 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/VIC-615x692.jpg\" alt=\"Vic\" width=\"615\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/VIC-615x692.jpg 615w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/VIC-267x300.jpg 267w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/VIC.jpg 852w\" data-sizes=\"(max-width: 615px) 100vw, 615px\"\/><\/p>\n<p>\u00a0<\/p>\n<p>If you\u2019d like to know a bit more about how to find\u00a0<a href=\"https:\/\/melbournebuyersagent.com.au\/property-investment-melbourne\/\" target=\"_blank\" rel=\"noopener\">investment grade properties in Melbourne<\/a>\u00a0please in the balance of this year give the\u00a0<a href=\"https:\/\/melbournebuyersagent.com.au\/\" target=\"_blank\" rel=\"noopener\"><strong>Metropole Melbourne<\/strong><\/a>\u00a0team a call on\u00a0<strong>1300 METROPOLE\u00a0<\/strong>or\u00a0<a href=\"https:\/\/investor.metropole.com.au\/investor-enquiry\/\" target=\"_blank\" rel=\"noopener\">click here<\/a>\u00a0and leave your details.<\/p>\n<p><a href=\"https:\/\/propertyupdate.com.au\/whats-ahead-brisbanes-property-market\/\" target=\"_blank\" rel=\"noopener\">Brisbane\u2019s house prices<\/a> remained resilient over 2020 when other markets were impacted by the economic impact of COVID-19.<\/p>\n<p>Now, moving forward, the Sunshine State will shine with strong demand for homes, particularly in lifestyle areas, likely to deliver double-digit capital growth over the next 12 months.<\/p>\n<p><a href=\"https:\/\/metropole.com.au\/metropole-brisbane\/\" target=\"_blank\" rel=\"noopener\">Brisbane house prices<\/a> have increased 7.4% over the last quarter alone and are up 25.1% over the last year.<\/p>\n<p>The rate of growth across the Brisbane housing market has held firmer relative to the larger capital cities.<\/p>\n<p>Where there is some evidence that growth in housing values has slowed the reduction is nowhere near as sharp as Sydney or Melbourne.<\/p>\n<p>Similar to most regions around the country, house values are rising at a faster pace than unit values with an annual growth rate of 17.7% for houses and 7.0% for units.<\/p>\n<p>The outlook for Brisbane is looking more positive though, with a strong demographic trend fuelled by interstate migration, a large infrastructure budget, and a burgeoning level of excitement following the announcement that Brisbane would host the 2032 Olympic games.<\/p>\n<p>Similarly, popular areas of the Gold Coast and Sunshine Coast have enjoyed strong demand considering the increased flexibility of being able to work from home and commuting to the big smoke less frequently.<\/p>\n<p>At the same time, property investor activity has been strong, particularly for houses, not only coming from locals but from interstate investors who see strong upside in Brisbane property prices as well as favourable rental returns.<\/p>\n<p>However, there is not one Queensland property market, nor one south-east Queensland property market, and different locations are performing differently and are likely to continue to do so.<\/p>\n<p>Houses remain a firm favourite of prospective home hunters, with demand rising post-lockdown and it remains significantly elevated compared to last year.<\/p>\n<p>However, apartment demand has been sliding and, in general, apartments in Queensland are a higher risk investment than houses, particularly due to a high supply of apartments that are unsuitable for families or owner-occupiers.<\/p>\n<p><strong>In summary\u2026<\/strong><\/p>\n<p>Brisbane is likely to be one of the best performing property markets over the next few years, but while some locations in Brisbane have strong growth potential, and the right properties in these locations will make great long-term investments, certain submarkets should be avoided like the plague.<\/p>\n<hr\/>\n<p><strong>Now read:\u00a0<\/strong><a href=\"https:\/\/propertyupdate.com.au\/whats-ahead-brisbanes-property-market\/\" target=\"_blank\" rel=\"noopener\">Brisbane property markets forecast for string growth<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159981 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Brisbane-1-1555x692.jpg\" alt=\"Brisbane\" width=\"1200\" height=\"534\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Brisbane-1-1555x692.jpg 1555w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Brisbane-1-300x133.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Brisbane-1-1536x683.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Brisbane-1-1160x516.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Brisbane-1.jpg 1852w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159895 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/brsb02.jpg\" alt=\"Brsb02\" width=\"1108\" height=\"624\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/brsb02.jpg 1108w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/brsb02-300x169.jpg 300w\" data-sizes=\"(max-width: 1108px) 100vw, 1108px\"\/><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159894 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/brsb01.jpg\" alt=\"Brsb01\" width=\"1112\" height=\"626\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/brsb01.jpg 1112w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/brsb01-300x169.jpg 300w\" data-sizes=\"(max-width: 1112px) 100vw, 1112px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159331 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/QLD-585x692.jpg\" alt=\"Qld\" width=\"585\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/QLD-585x692.jpg 585w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/QLD-254x300.jpg 254w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/QLD.jpg 989w\" data-sizes=\"(max-width: 585px) 100vw, 585px\"\/><\/p>\n<p>Our\u00a0<a href=\"https:\/\/brisbanebuyersagent.com.au\/meet-the-team\/\">Metropole Brisbane\u00a0team<\/a> has noticed a significant increase in local consumer confidence with many more homebuyers and investors showing interest in a property.<\/p>\n<p>At the same time we are getting more enquiries from interstate investors there we have for many, many years.<\/p>\n<p>If you\u2019d like to know a bit more about how to find\u00a0i<a href=\"https:\/\/brisbanebuyersagent.com.au\/property-investment-brisbane\/\">nvestment grade properties in Brisbane<\/a>\u00a0please give the\u00a0<a href=\"https:\/\/brisbanebuyersagent.com.au\/about-metropole-brisbane\/\"><strong>Metropole Brisbane<\/strong><\/a>\u00a0team a call on\u00a0<strong>1300 METROPOLE\u00a0<\/strong>or\u00a0<a href=\"https:\/\/investor.metropole.com.au\/investor-enquiry\/\">click here<\/a>\u00a0and leave your details.<\/p>\n<h2><span id=\"canberra-house-price-forecasts\">Canberra House Price Forecasts<\/span><\/h2>\n<p>Canberra\u2019s property market has been a \u201cquiet achiever\u201d with median house prices recording the biggest jump in prices across all of Australia\u2019s capital cities, at a huge 24.5% in just one year or 5.0% over the quarter, to a new median of $1.015 million according to Domain\u2019s House Price Report.<\/p>\n<p>That means that prices soared by almost $1,054 a day over the June quarter to give a total rise of $96,000.<\/p>\n<p>This is the steepest price acceleration in almost three decades, the Domain report explained.<\/p>\n<p>Median house prices in the inner north, inner south, and Woden Valley are now all above seven digits.<\/p>\n<p>But unit price growth has been more restrained as the development boom of recent years contains prices, although they are edging closer to a record high, up a more modest $18,000 (or 3.6%) over the June quarter to $504,217.<\/p>\n<p>Interestingly, since the pandemic, Canberra house prices have risen a huge 30.9% and unit prices 9.4%, which is the highest rate of growth across all of Australia\u2019s cities.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159982 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Canberra-1585x692.jpg\" alt=\"Canberra\" width=\"1200\" height=\"524\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Canberra-1585x692.jpg 1585w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Canberra-300x131.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Canberra-1536x670.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Canberra-1160x506.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Canberra-800x350.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Canberra.jpg 1865w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159332 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ACT-622x692.jpg\" alt=\"Act\" width=\"622\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ACT-622x692.jpg 622w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ACT-269x300.jpg 269w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ACT.jpg 1024w\" data-sizes=\"(max-width: 622px) 100vw, 622px\"\/><\/p>\n<h2><span id=\"perth-house-price-forecast\">Perth House Price Forecast<\/span><\/h2>\n<p>The Perth housing market continues to record a rise in values although the pace of growth has slowed.<\/p>\n<p>In line with rising home values, the annual number of dwelling sales across the Perth market has reached the highest level since 2006, with approximately 49,500 houses and units sold over the year.<\/p>\n<p>At the same time, the number of listings across the Perth region has trended lower, tracking roughly 26% below the five-year average at the end of July.<\/p>\n<p>Rental markets are amongst the tightest of any capital with house rents up 14.5% over the year.<\/p>\n<p>With housing values rising, strong rental conditions, and high rental yields along with improving demographic and economic conditions, it\u2019s likely the Perth housing market will become increasingly more attractive to investors.<\/p>\n<p>But this does not mean that investors should jump into the Perth property market \u2013 there are better opportunities in other parts of Australia.<\/p>\n<p>The problem is the Western Australian economy is too dependent on one industry \u2013 the mining industry and much of this is dependant on China.<\/p>\n<p>Without structural changes to the W.A. economy, it is unlikely to be able to deliver the significant number of higher-paying jobs and the substantial increase in population growth required to keep driving strong housing price growth in the medium to long term.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159983 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth-1557x692.jpg\" alt=\"Perth\" width=\"1200\" height=\"533\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth-1557x692.jpg 1557w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth-300x133.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth-1536x683.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth-1160x516.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Perth.jpg 1876w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159889 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/perth02-1160x550.jpg\" alt=\"Perth02\" width=\"1160\" height=\"550\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/perth02-1160x550.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/perth02-300x142.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/perth02.jpg 1305w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159888 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/perth01-1.jpg\" alt=\"Perth01\" width=\"1108\" height=\"623\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/perth01-1.jpg 1108w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/perth01-1-300x169.jpg 300w\" data-sizes=\"(max-width: 1108px) 100vw, 1108px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159333 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/WA-598x692.jpg\" alt=\"Wa\" width=\"598\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/WA-598x692.jpg 598w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/WA-259x300.jpg 259w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/WA.jpg 1000w\" data-sizes=\"(max-width: 598px) 100vw, 598px\"\/><\/p>\n<h3>Hobart House Price Forecast<\/h3>\n<p>Hobart was the darling of speculative property investors and the best performing property market in 2017-8, and while dwelling values reached a record high in February 2020, its boom was interrupted by Covid-19.<\/p>\n<p>Hobart property values are moving up again with values up to new record levels of 27.7% over the past year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159984 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Hobart-1531x692.jpg\" alt=\"Hobart\" width=\"1200\" height=\"542\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Hobart-1531x692.jpg 1531w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Hobart-300x136.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Hobart-1536x694.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Hobart-1160x524.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Hobart.jpg 1859w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159334 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/TAS-585x692.jpg\" alt=\"Tas\" width=\"585\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/TAS-585x692.jpg 585w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/TAS-254x300.jpg 254w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/TAS.jpg 972w\" data-sizes=\"(max-width: 585px) 100vw, 585px\"\/><\/p>\n<h2><span id=\"adelaide-house-price-forecast\">Adelaide House Price Forecast<\/span><\/h2>\n<p>Adelaide housing values were up 2.5% in November taking the annual growth rate to 21.4%, the highest level since the Global Financial Crisis.<\/p>\n<p>Housing demand has surged across Adelaide with the number of home sales over the past year the highest since 2002.<\/p>\n<p>With demand at the highest level in almost two decades, advertised supply levels are around record lows.<\/p>\n<p>Active listings numbers were around 34% below the five-year average at the end of July, demonstrating a severe shortage of available supply that is keeping upward pressure on housing prices.<\/p>\n<p>Across the sub-regions of Adelaide, the pace of annual capital gains ranges from a 26.8% lift in values across Burnside through to a 3.4% rise across the inner-city precinct.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159985 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide-1573x692.jpg\" alt=\"Adelaide\" width=\"1200\" height=\"528\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide-1573x692.jpg 1573w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide-300x132.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide-1536x676.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide-1160x510.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/12\/Adelaide.jpg 1871w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159887 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ad02-1160x548.jpg\" alt=\"Ad02\" width=\"1160\" height=\"548\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ad02-1160x548.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ad02-300x142.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ad02.jpg 1314w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-159886 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ad01.jpg\" alt=\"Ad01\" width=\"1109\" height=\"623\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ad01.jpg 1109w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/ad01-300x169.jpg 300w\" data-sizes=\"(max-width: 1109px) 100vw, 1109px\"\/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-159335 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/SA-593x692.jpg\" alt=\"Sa\" width=\"593\" height=\"692\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/SA-593x692.jpg 593w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/SA-257x300.jpg 257w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/11\/SA.jpg 988w\" data-sizes=\"(max-width: 593px) 100vw, 593px\"\/><\/p>\n<h3>Now is the time to take advantage of the opportunities the current property markets are offering.<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-149820 img-responsive lazy\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/metrople-team-1160x820.jpg\" alt=\"Metrople Team\" width=\"1160\" height=\"820\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/metrople-team-1160x820.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/metrople-team-300x212.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/metrople-team-979x692.jpg 979w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/metrople-team-1536x1086.jpg 1536w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/01\/metrople-team.jpg 2000w\" data-sizes=\"(max-width: 1160px) 100vw, 1160px\"\/><\/p>\n<p>Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, correct property selection will be critical.<\/p>\n<p>You can trust the team at Metropole to provide you with <strong>direction<\/strong>, <strong>guidance,<\/strong> and <strong>results<\/strong>.<\/p>\n<p>Whether you\u2019re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that\u2019s exactly what you get from the multi-award-winning <a href=\"https:\/\/metropole.com.au\/meet-the-team\/\">team at Metropole.<\/a><\/p>\n<p>We help our clients grow, protect and pass on their wealth through a range of services including:<\/p>\n<ol>\n<li><strong>Strategic property advice<\/strong>. \u2013 Allow us to build a\u00a0<a href=\"https:\/\/investor.metropole.com.au\/strategic-property-plan\/\">Strategic Property Plan<\/a>\u00a0for you and your family.\u00a0 Planning is bringing the future into the present so you can do something about it now!\u00a0<a href=\"https:\/\/investor.metropole.com.au\/strategic-property-plan\/\">Click here to learn more<\/a><\/li>\n<li><strong>Buyer\u2019s agency\u00a0\u2013\u00a0<\/strong>As Australia\u2019s most trusted buyers\u2019 agents we\u2019ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney, and Brisbane bring you years of experience and perspective \u2013 that\u2019s something money just can\u2019t buy. We\u2019ll help you find your next home or an investment-grade property.\u00a0 <a href=\"https:\/\/investor.metropole.com.au\/investor-enquiry\/\">Click here to learn how we can help you.<\/a><\/li>\n<li><strong>Wealth Advisory\u00a0\u2013\u00a0<\/strong>We can provide you with strategic tailored financial planning and wealth advice.\u00a0<a href=\"https:\/\/wealthadvisory.metropole.com.au\/\">Click here to learn more about we can help you.<\/a><\/li>\n<li><strong>Property Management \u2013\u00a0<\/strong>Our stress-free property management services help you maximise your property returns. <a href=\"https:\/\/propertymanagement.metropole.com.au\/\">Click here to find out\u00a0<\/a>why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years, and our properties lease 10 days faster than the market average.<\/li>\n<\/ol>\n<h3><span style=\"color: #00ccff;\">You may also be interested in reading:<\/span><\/h3>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/propertyupdate.com.au\/property-predictions-for-2022-revealed\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Please use the menu below to navigate to any article section: What\u2019s the outlook for the Australian property markets for 2022 and beyond? This is a common question people are asking now that our real estate markets are opening up from the\u00a0Covid\u00a0lockdowns. Despite a sequence of fifteen State or Territory lockdowns so far this […]<\/p>\n","protected":false},"author":1,"featured_media":1339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126,22,39,37,76,77,118,38,81],"tags":[],"class_list":["post-1338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature-post-2","category-featured","category-homepage-top","category-latest","category-michael-yardney-blog","category-michael-yardneys-commentary","category-news-features","category-property-investment","category-weekly-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Property UpdateProperty Market Forecast 2022 \u2014 House Prices Predictions from Expert | Urban Buyer: Buyers Agent & Advocates | Best Property Buyers For You<\/title>\n<meta name=\"description\" content=\"Please use the menu below to navigate to any article section: What\u2019s the outlook for the Australian property markets for 2022 and beyond? 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