Residential land demand will last for years
The residential land requirements in Sydney are set to remain strong for some time according to data from BIS Shrapnel. The firm’s residential outlook also predicts growth in demand for land in Brisbane, the Gold Coast and the Sunshine Coast but a decline in Melbourne and Adelaide. The rise in interest is attributed to the years of lower demand as prices peaked; this has not been such an issue for Melbourne and Adelaide.
Christmas approaches but auctions are still hot
As the countdown to Christmas begins to heat up, there is little evidence that the property auctions are entering the festive slowdown. This weekend there have again been large numbers of listings and while the clearance rate is not universally high there is still a higher-than-normal level of properties being sold for this time of year. Most major markets have seen increased listings for the weekend, although the numbers were down slightly in Canberra.
Collections: Mortgage News
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