Global Power | Local Knowledge | Uniquely Personal
中文

Confidence high in Australian p...

Confidence high in Australian property

Australia's property market shows strong demand.

A survey has revealed strong support of Australia’s real estate industry.

According to the Property Council/ANZ Property Industry Confidence Index increased from 132 to 140, as the low interest rates and strong demand for properties continues.

There was especially strong demand in the Queensland region as more overseas and domestic investors enter the market.

“During the past three months, industry's house price growth expectations have grown to the highest levels in the country, and to historic levels for Queensland," explained Queensland executive director of the Property Council of Australia Kathy MacDermott.

She added that both house prices and building activity are expected to reach record levels over the next 12 months.

Data from the Australian Bureau of Statistics, shows there was a 0.9 per cent increase in the total number of housing loans granted in the year to November 2013. There was also a 2.3 per cent rise in lending for new homes as buyers take advantage of low interest rates.

Posted by Steve Douglas

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

Subscribe Now