The article below from news.com.au sheds light on the housing market in Australia. Looks like 2015 will be a great year to build.
According to news.com.au LOW interest rates — and forecasts of more cuts in the coming months — look likely to make real estate an attractive investment in 2015.
Housing has been grabbing the headlines — particularly in the sizzling Sydney market — but other types of property investments have also been putting money in people’s pockets this year.
Figures this week from CoreLogic RP Data’s daily home value index show the average growth in home values across the major capital cities was 8.4 per cent year-on-year, led by Sydney’s 12.7 per cent growth and Melbourne’s 7.8 per cent rise.
Growth in Brisbane and the Gold Coast (5.3 per cent), Adelaide (4.7 per cent) and Perth (1.4 per cent) has been more subdued, but no residential markets matched the 20 per cent-plus growth in share market-listed property trusts.
This is great news for all home builders, developers and alike.