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Australian Property Investor Magazine
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Homebuyers are prioritising lot size over near-city locations and the size of new houses is growing at its fastest rate in more than a decade, with the COVID-inspired shift of buying preferences expected to be a lasting phenomenon.
Hobart continues to lead the nation for profit-making home sales, with profitability across markets tipped to rise in the coming months as low mortgage rates, improving economic conditions and rising consumer sentiment combine to result in an increase in happy vendors.
A lack of housing stock for sale has become a national theme as property markets position themselves for a vaccination-led post-COVID recovery on steroids.
Cedar Woods CEO Nathan Blackburne tells us he is expecting a resurgence of investors in 2021, and also reveals the markets where the ASX-listed developer is banking on the biggest growth.
Developers and selling agents on Queensland’s Gold Coast say the surge of demand that occurred in the back half of 2020 is showing no signs of slowing down, with buyers lining up in droves for established properties as well as off-the-plan apartments.
Sydney and Melbourne are likely to remain the top investment destinations in the Asia Pacific for institutional investors in 2021, with North American and European interest expected to rise sharply.
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