WordPress.com

<Jetpack

Own new apartments in most sought area of Melbourne CBD with high rentals

Discover why housing prices dropped by 10 percent in major cities in Australia

In minutes released from the February Monetary Policy Meeting of the Reserve Bank Australia,board members noted that the marked drop in housing prices in Sydney (12%) and Melbourne (9%),
since their respective peaks in 2017, was “unusual” given the current low mortgage interest rates
and declining unemployment.

Reserve Bank of Australia, Minutes of the Monetary Policy Meeting of the Reserve Bank Board, 5 February 2019,
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2019/2019-02-05.html​

Elsewhere in Australia, housing prices fell in Perth and Darwin, remained flat in Adelaide and Brisbane,
but increased in Hobart and Canberra during 2018.
Overall, Australian house prices are down by 8% and now sit “back around mid-2016 levels”, the board said.

Why have house prices dropped?

The drop can be attributed partly to the fact that “the supply of housing does not respond quickly to changes
in demand”, according to the RBA.

House prices peaked in 2017 when housing supply across Australia had not increased sufficiently to match
rapid population growth and the board noted there is now a visible decline in demand from foreign buyers,
contributing to an overall lower demand for housing.

Is now the time to buy property?

With house prices at a low across much of Australia and the official cash rate on hold at 1.50%, 2019
could be the year to take a step onto or up the property ladder.

Contact us for a free consultation  on how to get started!

We have 4 apartments at Brunswick 1-5 York, Vic 3055 ready for sell by end of this year and beyond

C J Investiment Team

… Real People 
… Real Networking 
… Real Results

——————————————-

READ LATER - DOWNLOAD THIS POST AS PDF >> CLICK HERE <<

Author : Charles Vincent Kaluwasha

Founder and CEO of C J Investiment. Charles Kaluwasha is a real estate entrepreneur and developer, specializing in building 2-5 unit properties in Melbourne City and Gold Coast. He currently owns 3 investment properties. He has rehabbed, Flipped and/or lease-optioned over 3 single-family residences using funds from private investors. He has secured 2 investment apartments in Melbourne and Gold Coast to be completed early 2020. A developer of C J Academy/mentorship program helping investors and homeowners with basic and advanced financial education and real estate investing strategies to create passive wealth.

RELATED POSTS

3 Proven Strategies to Speed Up Your Wealth Building

Do you feel anxious to speed up the process of building your wealth? It took me 10 years to come to term with the three proven strategies to start speedingRead More

Engagement & Brand Loyalty

Is time running out for you to improve your marketing, reduce your support & grow your business? We have you covered…   You can get instant access below:  >> SmartsuppRead More

  • Never Regret, We will Get There…
  • How To Love Monday Mornings-Kris Cage
  • Communication – The Cornerstone of Business Leadership
  • Reseller Panel Turns 17 Years This Month
  • A Surprise Gift
  • CJ ACADEMY
  • 5 tips to help preserve your retirement savings during COVID-19
  • Powerful Sponsoring Tools To Automate Your Marketing Efforts
  • One Comment to Discover why housing prices dropped by 10 percent in major cities in Australia

    Leave a Reply

    %d bloggers like this: