30th January 2015
January 2015 Market Update
Property markets improved across all sectors during 2014 with increased activity from investors and owner occupiers. Capital growth that has occurred in the Sydney & Melbourne markets is now being experienced by coastal regional residential markets such as Kingscliff, Byron Bay & Lennox Head in Northern NSW and Brisbane, Gold Coast and Toowoomba in South East Qld.
Further cuts to interest rates during early 2015 is forecast to unerpin demand for real estate and strengthen market activity both for residential and commercial property. Localities with comparatively strong leasing demand are expected to be sought after by investors who have sub 5% fixed 5 year and variable interest rates in their sights.