2013 REPORT TO BE PUBLISHED EARLY JUNE 2013 – ADVANCE ORDERS RECEIVE THE DECEMBER 2012 UPDATE REPORT NOW

It was a mixed bag for the Australian residential property market in 2012. While all capital cities have reported price declines or minimal growth, green shoots are now emerging, pointing to the beginning of a recovery in some markets in 2013. The upturn is already evident in the Northern Territory, which is benefiting from a sharp rise in resource investment, but also now appears to be emerging in New South Wales, Queensland and Western Australia where vacancy rates have tightened and sales volumes are increasing.

Confidence remains a key to the recovery and some stabilisation in the international outlook and low interest rates (with the prospect for further reductions) should continue to encourage an increase in demand from 2013. However, the timing and magnitude of price growth is likely to differ across the capitals. Residential Property Prospects 2013 – 2016 looks at the national outlook over the next three years, different drivers of activity across the state capital cities, and the shape of the residential market cycle through the next three years in each.

Residential Property Prospects 2013 – 2016 provides a comprehensive review of the outlook for residential property in each capital city and includes price forecasts for the regional areas of Cairns, Townsville, Sunshine Coast, Gold Coast, Newcastle and Wollongong through to June 2016. Understand what is happening with the key fundamental drivers of demand and supply:

• the economic outlook and business conditions
• interest rate movements and timings, housing loan affordability
• impact of changes to Federal and State government incentives
• net interstate and overseas migration
• underlying demand and dwelling construction
• stock deficiencies or oversupply in each market
• trends in rental yields and forecasts for rental growth
• annual median house price forecasts for capital cities and above regional areas
   

An annual subscription includes the main report (published June), along with an Update report in December. Your organisation will also have access to our team of residential property consultants and analysts throughout the year to further discuss forecasts, content or methodologies. Subscriptions are for a hard copy of the report only.

Joy Xenita

PH: +61 2 8458 4220