Brisbane’s rapid pace of growth has likely peaked but Perth prices are still “shooting the lights out”, experts say.
Already a subscriber?Perth’s runaway housing boom could continue for at least another six months before any sign of a slowdown in price growth emerges.
“So you’d have to think this market is going to continue to show a fairly solid rate of growth, especially with listings still holding more than 40 per cent below average and homes selling very quickly.“At the very least, it looks like this market has another six months ahead of quite strong growth, if not more than that, unless there’s some unexpected development of the market, like interest rate increases, or we suddenly start to see more supply coming out of the ground.
“Low available supply levels should keep a floor under housing prices for some time yet, with Brisbane listings tracking 31 per cent below average despite the recent rise in advertised stock.” “Both Adelaide and Brisbane are becoming unaffordable and neither of those two cities has the same sort of tightness in stock that we’re seeing in the Perth market.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Home loan size hits record $626,055 as Perth, Brisbane power upOwner-occupiers are, on average, taking out larger loans than ever before despite the fact the cash rate is sitting at a 12-year-high.
Read more »
Perth and WA weather: Possible ‘tornado’ in Perth Hills leaves path of destruction7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Brisbane News Live: Brisbane’s shrinking schools | Bodies of Australians found in Philippines hotelThe latest news in and around Brisbane.
Read more »
Brisbane news live: Brisbane’s citizenship backlog; Rents at record highs; Local musos’ favourite venuesThe latest news in and around Brisbane.
Read more »
Housing crisis: Home building slowdown fuels Perth’s rocketing price risesDwindling housing completions have helped fuel major increases in Perth’s property prices as developers warn most projects are not viable because of rising costs.
Read more »
Perth family facing eviction from public housing despite fear of abusive ex-partnerKylena Hill says she and her five children are soon to be homeless, while her violent ex-partner is out on bail for multiple, brutal attacks on her.
Read more »