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Facts not Fiction - Property Market October 2017

Written on the 24 October 2017 by James Cagney

In my property updates this year I have concentrated mostly on the New South Wales & Victoria property markets. There is a reason for this - these are the hot markets that have been worth investing into during 2017. The Herron Todd White (HTW) Property Clock, which  is the only property clock  I would recommend, published this to information in October 2017. I will only cover houses this week and only a few of the major cities/ Regional centres that I believe are worth noting right now. I will cover Units in my next Property Update. (HTW are a reputable property valuation company used by most of the banks in Australia. For the full report go to the HTW website):

Approaching  & Peak of the market / Starting to Decline:
    
Melbourne (see comment below), Gold Coast, NSW Mid North Coast, Sydney (see comment below), Newcastle, NSW Central Coast.

My comment:  Investors should hold back  from most of these markets for now. I estimate the correction will vary between 5% to 20% in these markets.  However, Sydney & Melbourne consist of thousands of suburbs, some of which have the same population as the regional towns.  Each of  these suburbs has its own property cycle. Some of the prestigious suburbs values will declines whilst capital growth in many of the middle prices suburbs will decline. Please read the NSW & Victoria Property Updates for more accurate information on the complex Sydney & Melbourne markets. 

Melbourne Property Market 

Regional Victoria

Sydney Property Market

Regional NSW

NSW Budget favours Regional Areas

Approaching bottom of  Market /  Bottom of Market / Start of Recovery:

Rockhampton, Toowoomba, Perth, Darwin, Gladstone, Mackay.

My Comment:  Investors don't expect these markets to bounce back quickly. Most of them have come off serious declines because of  uncertainty of  iron, coal and gas exploration. Take a cautious approach before investing in these areas. Do not listen to developers,  real estate agents and property spruikers in these areas who are desperate to sell their stock. Don't be blinded by the "buy / bargain of a lifetime" spruik. 

Start of Recovery / Rising Market

Brisbane, Ipswich, Townsville, Adelaide, Hobart, Orange and Tamworth

My comment:  This will be a huge relief for property investors who have waited so long for these markets to grow in value. Frustrated investors who want to increase their portfolio can look forward to some equity at last.

Always do your research before buying. I recently published an article why the experts so often get the market wrong. Click here to see how you can get it right >>> ASTUTE.

Please give James Cagney a call on  +61 416 137 645 for more information about any of the property markets above OR click >>> HERE.

DISCLAIMER

This is not financial advice. You should not act solely on the basis of the material contained in this article for your investment strategies. Changes in government and legislation occur frequently and without prior notice and financial markets are unpredictable.
Please note that the information herein is of a general nature only and is not intended as specific advice for any particular person or entity.

This information was written and compiled by James Cagney.  The opinions expressed herein do not necessarily represent the views and opinions of his associates including Asset Finance Pty Ltd.


ACKNOWLEDGMENTS:

Thank you to the resources of Terry Ryder, Property Observer, The ABS, BIS Shrapnel, Michael Matusik, Property Monitors, Colliers, On the House, Corelogic, RP Data, Residex, SQM, Herron Todd White, NAB Residential Property Survey, Australian Bureau of Statistics, Peter Wargent, Port Phillip Publishing, Economy & Markets, Harry S. Dent and the many others for the material discussed above and attached.


Author: James Cagney
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