2016 Housing and Economic Data for Australia
Our Finance Partner, Smartline Bella Vista, recently sent us the latest 2016 Housing and Economic Data from last month for Australia.
In this report, CoreLogic Research Director Tim Lawless presents for Smartline this latest Housing and Economic Data. Here are some of the key points:
- Whilst Sydney’s annual pace of growth has lowered from 18.4% (July 2015) to 7.4% in the first quarter of 2016, Melbourne of the other hand has seen a small growth up to 9.8%.
- Dwelling values across Sydney and Melbourne have increased at a significantly higher rate than other capital cities. Despite the housing market slowing recently, auction clearance rates are remaining steady.
- Areas outside of our capital cities, like Gold Coast, Sunshine Coast, Byron or Ballina are showing a healthy growth in housing development as there is more of a desire for an iconic lifestyle, as well as a healthy tourism and lifestyle sector.
You can view the full video find out more by clicking on the image below:
For an obligation-free discussion on how to find the right property investment for your own financial fingerprint you can contact on us on (02) 8814 5275 or check out our free videos, checklist and other resources at www.mirren.com.au/resources