An interesting piece this week featuring Macquarie Bank’s Stuart Hobden and Core Logic’s Research Director Tim Lawless talking about price growth and house affordability.
Sydney leads the way with values rising 15% in the last 12 months, Darwin is 21%, while Canberra and Hobart are 18% and 19.6% respectively.
Other notable features of this cycle includes upswings in regional and lifestyle markets – particularly coastal regions like Byron Bay (up 30%),Noosa, Hervey Bay, Southern Highlands in NSW and Victoria’s Surf Coast.
Watching out for headwinds – affordability restraints are likely to be the primary cause of any slowdown in price growth, but Stuart and Tim agreed intervention is unlikely before 2022.
Click on the link to read the full story