Carol Carter from QLD Sotheby's International Realty, Damian Caine from Caine Property Ballarat, and Malcolm Gunning of the REIA spoke to WILLIAMS MEDIA about regional areas around Australia that they believe are experiencing growth.
Sydney, Melbourne and Brisbane in top 20 for global prime residential price growth
Malcolm Gunning, President of the REIA discussesKnight Frank's Prime Global Cities Index, with three Australian cities making the top 20 for global prime residential price growth.
The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria, which is seeing longer listing times and stagnant prices particularly on the east coast, according to the Real Estate Institute of Australia (REIA).
Robert Frewin, distinguished past president of both the Real Estate Institute of Australia (1981-82) and the Real Estate Institute of New South Wales (1970-71), passed away on 4 August. He will be missed by his many friends and colleagues in the industry.
Low inflation data suggests interest rates likely to remain low: REIA
Inflation rose 0.2 per cent in the June quarter, making an annual increase of 1.9 per cent, suggesting that interest rates will remain low for some time, says Malcom Gunning, president of the REIA.
Investor borrowing moderating, even before latest tightening measures
Housing lending to property investors softened in March, says Malcolm Gunning, president of the REIA, even before regulators and banks tightened lending to investors and before budget initiatives aimed at property investment were announced.
