Welcome to our monthly update!
As 2018 comes to a close, it has certainly been a year that has brought about some enormous changes to the Australian real estate market - changes that are set to stay for some time to come.
Whilst APRA has announced an easing in interest only loan restrictions, there is little to aid the housing market coming into 2019. Pricing is likely to flatten out and realise declines in the first quarter of the year. Although this may seem a negative, seeing this market balance out with buyers feeling at ease as prices stabilise and owners being about to move on as volume steadies can only be a good thing. 2018 has certainly been a year of realisation, 2019 is likely to be a year of a market finding its feet, realising those changes of the year past, and hopefully, one of slightly increased sales volume.
The reality is, buyers now have far more choice through increased stock levels and less competition. What we’re see...