Source:  Chris herde, The Courier-Mail Confidence is returning to the Brisbane inner city apartment market as vacancy tightens and developers start planning new projects. RENTS are expected to rise as the Brisbane inner city apartment market continues to tighten with oversupply hitting its peak four years ago. According to JLL's latest 4Q 2019 Residential Apartment Market Report inner city apartment completions across Australia's capital cities fell 21 per cent last year....

Source:  Corelogic   The narrative of over-supply and under-performance in Brisbane units has dominated conversations around south-east Queensland property for almost 5 years. At January 2020, Brisbane unit values remain 11.5% below their 2010 peak to be at similar levels to 2007. But the latest data on property values, construction and population growth suggest that the story is changing. It is worth noting that over-supply is very much a unit-centric story. Houses across Bri...

POPULATION growth will drive Brisbane's apartment market towards undersupply within 18 months, assisted by the low cost of finance, new first home buyer incentives and the slowdown in new construction. The Inner Brisbane Unit Market Residential Residual Stock Analysis from m3property showed 10.6% of units in developments with at least 50 units or around 1,500 units completed since January 2016 remained in the ownership of the project's developer. However, few high density projec...

Source: Domain - Jim Malo Brisbane rents are creeping up and the proportion of vacant homes is inching down, as the city's rental market recovers from years of oversupply, experts say. Asking rents for units rose 1.3 per cent to a median $380 a week over the past year, the latest figures from the Domain Rental Report for the September quarter show. House rents also edged up 1.3 per cent to a median $405 over the same time period, according to the report released on Thursday. The...

Source:  Courier Mail - Elizabeth Tilley   BRISBANE is fast becoming a landlords' market as vacancy rates tighten and rents continue to climb, putting investors in the box seat in 2020. New data released by SQM Research reveals asking rents for houses increased 0.9 per cent in December to $473 a week that's 3.4 per cent higher than they were a year ago. The rental vacancy increased slightly last month, but is still tight at 2.9 per cent, and lower than the 3.2 per ...

Source:  API - Liz Jordan BRISBANE holds the strongest prospects for house price growth over the medium-term, according to a QBE report, while the lag in apartment supply responding to market demand could provide further volatility. The Australian Housing Outlook 2019-2022 report, commission by QBE and authored by BIS Oxford Economics, says easing lending restrictions, federal and state tax concessions and lower interest rates are expected to encourage borrowers back into the marke...

Source:  API - Liz Jordan   HOUSING market sentiment across the country has hit a near six-year high, as Western Australians grew in confidence at a faster rate than anywhere else, and NAB upgraded its forecasts for prices. The latest NAB Residential Property Survey, housing market sentiment was positive among property professionals in all states for the first time since the first quarter of 2018. It was again highest in Victoria (up 7 to 47) and improved most in New South W...

Source: CoreLogic - Cameron Kusher The national housing market has just experienced its largest downturn in dwelling values since at least the 1980s. The fact that values nationally fell by less than 10% speaks to the ongoing strength of the housing market over the past 40 years which has culminated in Australia being one of the most expensive places in the world in which to buy property. Since the federal election in May, there have been ongoing signs of improving market conditions. Th...

Source: CoreLogic The CoreLogic Home Value Index results for October out today confirm a 1.2% rise in national dwelling values over the month, delivering the fourth straight month of rising values. The October result was the largest month-on-month gain in the national index since May 2015. The recent gains come after a broad-based decline in housing values, with the national index declining 8.4% between October 2017 and June 2019. The positive October result takes national dwelling values...

Source:  Livewire Markets - Patrick Poke We asked three experts whether the Australian housing market had found a bottom in recent months. While the contributors opinions differed on the overall direction and level of risk, one thing they all appeared to agree on was that no outcome is certain. Uncertainty is a fact of investing, which is probably why the saying (often incorrectly attributed to Yogi Berra), "predictions are difficult, especially about the future", is so pop...