March Property Snapshot Infographic

ljgrealestate

According to CoreLogic RP Data research analyst Cameron Kusher, the ongoing diversity in the housing market highlights the different growth drivers that are evident from region to region. The economies of Sydney and Melbourne are relatively sheltered from the downturn in the resources sector and have benefited from a very healthy services sector and positive population inflows while the mining states and territories are experiencing softer economic conditions and a sharp wind down in population growth, particularly from overseas migration. The annual expansion in investor related housing credit has now dropped to a pace that is much lower than APRA’s mandated 10% growth per annum, while credit growth for owner occupiers is expanding. With many banks now placing a premium on investment mortgage interest rates and also increasing mortgage rates and serviceability limits on all mortgages we have seen investment housing demand slow however, there has been a slight up-tick…

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