The year 2014 has been a good one for Australia’s property market. Strong population growth, low interest rates, and steady capital from foreign investors have driven the property sector upwards and fuelled the sector’s momentum.
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Australia’s property hot spots for 2015
1. Australia’s Property Hot
Spots for 2015
Sentinel property group
Level 4, 307 Queen
Street, Brisbane
Queensland, 4000
Phone: 07 3733 1660
2. The year 2014 has been a good one for Australia’s property market. Strong population growth,
low interest rates, and steady capital from foreign investors have driven the property sector
upwards and fuelled the sector’s momentum.
As the year draws to a close, property investors are taking out 50% of all new loans, signifying
that 2014 was indeed a wonderful year. Because of this, many people in the financial sector are
looking forward to 2015 with optimism. What will be the driving force behind Australia’s
property markets in 2015 and where will be the new hot spots?
Positive Factors
Many factors affect the property market’s movement
and it is almost impossible to pass accurate
judgments and set definitive expectations for 2015.
There are, however, factors that indicate a positive
outcome for the coming year. These factors include:
Continuing growth of population in
capital cities, although slower
compared to 2014;
Historically low interest rates
throughout 2015 and favourable
borrowing conditions from banks;
More investors wanting to establish a
foothold on the property ladder;
Low Australia dollar attracting foreign
investors;
The “wealth effect,” increasing value of
homes, and extra equity;
The performance of the Australian
economy compared to other countries.
3. It is anticipated that the combination of these factors will keep the momentum of property
markets stable. It is also highly possible to see property price growth in Sydney, Melbourne, and
Brisbane all throughout 2015.
Property Investment Hot Spots
Fragmentation in the Australian economy means
some areas will perform better than others. Here is a
list of areas that are predicted to enjoy gains in
2015:
Inner West – Buyers love its efficient public
transport, geographic location, and dining
amenities.
Lower North Shore – The bullish market is
not expected to change in 2015 and it is a
good sign for property investors.
Upper North Shore – With house median
prices worth $1.3 million and a year-on-year
growth of 27 percent, the Upper North Shore
is will enjoy a prosperous 2015.
Improvements to infrastructure are expected
to attract more investors and stimulate
population growth.
The East – There are plenty of people with
capital under their disposal. This will
encourage more property growth and
development throughout the year.
4. Even though forecasts for 2015 are generally positive, it does not mean everyone will feel the
effects. There will be risks along the way, but for investors equipped with knowledge and
foresight, the year promises opportunities, gains, and growth.
http://www.sentinelpg.com.au/
What’s ahead for property in 2015 -
http://www.smartcompany.com.au/finance/investment/45126-what-s-ahead-
for-property-in-2015.html#
Property prices to go up again in 2015 -
http://canberratimes.domain.com.au/real-estate-news/property-prices-to-go-
up-again-in-2015-20141204-3ltsr.html