News & Blog
From fall in cash rate to housing affordability, we have seen various issues in Australian Housing market. However, this time, everyone is talking about housing market apocalypse. Some economists don’t even take it as crisis, as they predicted about slow growth rather than complete fall within few upcoming years.
Cameron Kusher, Research Analyst at HIIF, said that it would become tough for bad credit lender to provide loans. Under quotes named as home mortgage for bad credit, as rates will still low for upcoming years.
Cameron Kusher said, “There are also signs that high prices are pushing homebuyers further afield.”
Housing markets in Hobart, Adelaide, Cranbourne, Clyde, Canberra, etc. are seems to be consistent while housing markets in Perth are going weak and in Darwin, the housing supply management become fade.
Angie Zigomanis, author of a report published by building industry analyst BIS Shrapnel, said prices would likely continue to rise through 2015/2016 and start to fall in 2017.
Guy Bruten, Economist Alliance Bernstein, said, “From 2016-17, Australia’s housing markets will steadily start weaken due to insufficient housing supplies and tightening of interest rates over mortgage loans. These all are creating impact over house prices and leading to crisis.”
By the FIRB (Foreign Investment Review Board), the demand for investors regarding housing could variate with more probabilities, even when supply increment is capping returns for investors.