Melbourne’s property market is on the slide but affordable housing providers Ingenia Communities and Lifestyle Communities are bucking the trend – and all in outer ring suburbs while they’re at it, as they sell homes to downsizing retirees.
The property market in Sydney had a dark weekend, with auction clearance rates dropping to a new low of around 30 per cent.
Melbourne has topped the Housing Industry Association’s latest list of the top 20 building growth areas.
Melbourne’s working class suburbs have earned themselves the title of best property performers in the country over the last year.
It was a confidence-boosting weekend for Melbourne’s property market after CoreLogic figures recorded an auction clearance rate of 67 per cent from a whopping 2078 auctions held.
The first Super Saturday of the year returned auction clearance rates above 70 per cent in both Melbourne and Sydney.
Melbourne property growth has been widely forecast to slow down in 2018 from the previous few years of steep growth but is still expected to have another solid year.
Lenders could soon cut rates for borrowers in an attempt to stimulate the market which has flattened as we enter the new year.
The Australian housing market slowdown is continuing and things look like they will keep slowing as we head into the new year.
Home loan consumers and brokers are searching further and wider for better prices as market competition and noise are making searching for a better deal a viable use of time and resources.
