QBE LMI predicts 23% price growth

Font size :

Australia's capital cities will enjoy double digit house price growth over the coming three years, a new report by lenders' mortgage insurance firm QBE LMI has claimed.

The company's Housing Outlook 2010-12 report highlights record-low interest rates as being a key factor both in alleviating mortgage pressure on households and in maintaining affordability. Other positive cited include healthy rental returns, housing shortages and price reductions in top-end properties giving home owners the opportunity to trade up.

CEO of QBE LMI Ian Graham said that the outlook for the housing market is also positive for those who have recently entered the market, particularly first home buyers. He continued, "Double digit house price growth is forecast across all capital cities from June 2009 to June 2012, particularly in those markets with positive affordability."

Graham downplayed the significance of the recent rise in interest rates adding, "Despite a 0.25% rate rise in the first week of October, housing interest rates are expected to remain at a stimulatory level for some time, with the low interest rate environment remaining supportive of the first home buyer."

The report predicts that Adelaide will see property price increases of 23%, Sydney 21%, Melbourne 19%, Brisbane 15% while Perth trails with 12%.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Monday, Sep 25, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords