Trends continue to take hold in all major capital cities, with the unit market struggling to keep pace with the increasing supply across the country. The exception is in Sydney where vacancy rates continue to remain strong for the time being. In all other markets supply remains a growing concern in the inner city centres and is having an effect on vacancy levels and rental yields and this is expected to continue into 2016.
House price growth along the eastern seaboard remains the beacon of light at the moment with Brisbane, Melbourne and Sydney, albeit at a slower rate, all showing positive signs of growth. I see this continuing into 2016 as homeowners with strong equity gains in NSW and VIC look to trade up or expand their investment portfolios into more affordable areas.
While strong Chinese investment is a growing trend in the residential markets of the east coast, softening trade continues to hamper any glimmer of hope that Darwin or Perth might have had for an easy recovery and these heavy mining-based States are now feeling the brunt of the falls with declining prices expected to continue for some time to come.
Read Report here: Market Essentials Report_BuySide_Nov 2015