Forecasts real estate Australia in the next 3 years
The Australian real estate market is a potential investment channel that attracts many entrepreneurs around the world, and capturing real estate is essential.
QBE has partnered with BIS Oxford Economics for 16 years, and recently they released a forecast for the real estate situation for the period 2018-2021 (QBE Australian Housing Outlook 2018-2021).
This report offers a positive outlook for the Australian real estate market with stable overall growth across the country.
Sydney – domestic market slowed
By June 2017, average Sydney house prices have increased by an average of 10.4% per annum and are projected to fall by 4% by 2020. QBE notes that there has been a shift in the flow of immigrants, Other, many are leaving Sydney to seek better areas.
Melbourne – significant growth and high competition
Population growth has identified the upward trend of the Melbourne property market, as thousands of people migrate from Sydney and around the world. Even as the supply of new housing increases, this also does not meet the growing demand for real estate. This is the factor that has boosted rents. Melbourne is expected to increase by 10.2% in 2020.
Brisbane – a favorable investment market
Brisbane can be a place that wise investors are aiming for in the next few years. The city has experienced moderate price increases (5%) in recent years, but has fallen only 2% in 2016. With a stable and constantly growing economy, Brisbane is expected to become New choice for real estate investors in 2020.
Adelaide – long term investment options
Adelaide is one of the ideal buying points after Brisbane. Adelaide has shown modest growth with a median home price of $ 477,200 in June 2017. The city is considered a long-term investment rather than a fast-paced sector. This is due to the weakening Adelaide economy and the slowdown in population growth. However, this market is expected to be active again in 2020.
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