Australia Property

[Boon]

Perth and Darwin have been in “correction phase” – but “no crash”
 
Units in Brisbane are looking more vulnerable but some experts are talking about a 5% drop in prices in 2019………..
 
Units in Brisbane and possibly Melbourne would enter into a correction phase sooner or later but again a crash scenario is unlikely…………
 
If building and construction approvals have dropped off significantly without any rate hike being imposed by the RBA - it means “apartments oversupply” situation, if materialized, is likely going to be short-lived…………… underpinned by demands from new migrants…………… 
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Brisbane in for smaller hit in Aussie property smackdown
The Courier-Mail
March 15, 2017 2:56pm
http://www.couriermail.com.au/business/b...8eabbb7e56
 
“But units in Queensland’s capital “are more vulnerable”, he said. That could lead to a potential 5 per cent drop in 2019 for units, he predicted.”
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I’ve changed my mind on the property market
By David Taylor
https://au.finance.yahoo.com/news/ive-ch...38146.html
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Australian housing markets 'defy belief' but bank warns against knee-jerk policy reactions
MARCH 15 2017
By Eryk Bagshaw
http://www.smh.com.au/federal-politics/p...uyfqm.html
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