While confidence remains relatively stable, strong November results for the retail sector could trigger false hope, economists warn.
CONFIDENCE
Almost 60 per cent of Perth survey respondents thought WA prices were likely to increase in the next six months.
Economists at Australia's largest retail bank are predicting a robust economic outlook, but have also warned of a build-up in inflation pressures.
Fewer respondents to a survey were confident that now was a good time to invest in property compared to last year.
Inflation expectations for the next two years jumped 0.3 percentage points to five per cent, the highest level since December 2014.
Melbourne’s property market is seeing seller confidence return amid the easing of restrictions.
Australians do not feel that now is a favourable time to buy property, according to a new study from Finder, as prices continue to skyrocket.
The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 4.4 per cent in August to an 11-month low.
SA Government welcomes positive sentiment surrounding local property industry.
Australian Property Investor Magazine
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Rents across Australia took off in the last quarter but, strangely, rental yields actually fell.
When trying to grasp the many variables that will shape the property market in 2022, prospective investors are contending with a range of conflicting influences.
As the United Kingdom and United States experience a boom in foreign property investment, buyers from Asia and elsewhere are increasingly shying away from Australia.
Coastal and lifestyle suburbs, including luxury apartments, are showing no signs of easing up, according to developers and buyers’ agents.
Builders are turning to alternative construction materials to alleviate the massive carbon footprint being left by traditional structural constituents.
Westpac has become the first major bank this year to increase its fixed rates for owner occupiers and investors.
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