Australia’s Property Boom Is Underway
It’s been almost 20 years since we had a genuine nationwide property boom in Australia – but we have one now.
Markets across the nation can be reasonably described as frenetic.
Properties are selling within days of being listed for amounts well above the asking price. Often homes are selling even before being formally marketed, because there is so much competition from buyers.
In 2020 the strength we saw in markets across Australia was driven by owner-occupiers, including first-home buyers.
Prices rose almost everywhere in Australia – and, in many cases, it was substantial growth.
All that happened without any major involvement from investors, who have been on the sidelines for the past few years.
But that is changing. Investors are now coming into the market. We’re seeing that in the official loans data from the ABS.
This is one of many reasons why 2021 is going to be a boom year in Australian real estate.
There’s a lot going on and there’s a lot for people to know if they want to be part of this rising tide.
And the best place to find out about all that is the new February 2021 edition of The Ryder Report.
This is my bi-monthly national report on everywhere and everything in Australian residential real estate.
It discusses all the major trends and it has detailed sections on every state and territory, and their capital cities, across the nation.
Article by Terry Ryder