Positive outlook for 2020 with prices rising across Australia
A year on from the clouds of uncertainty which welcomed 2019, the start of 2020 presents a much more positive outlook for Australia’s residential markets. Strong price growth has returned to Sydney and Melbourne and is expected to spread to more affordable markets, Brisbane in particular.
Apartment supply cycles in the major capitals are past their peak and vacancy levels are well controlled. With cost of debt low and lending volumes starting to turn, investors should gradually return. This should encourage well placed developers to begin marketing larger projects again so they are at the forefront of the next development cycle post 2021.
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Join us as we dive into the residential market outlook for 2020 with Bradley Speers, Head of Research, Australia and Jarrod Frazer Senior Managing Director, Valuation and Advisory Services.