Welcome to the first of my regular columns for The Real Estate Conversation in which I’ll share my insights on the residential property market in Australia.
SQM Research has released figures showing residential property listings have increased over the month by two per cent, but there is a long way to go to match last year's figures.
30 per cent drop forecast for Sydney and Melbourne, but Hobart outlook is strong: SQM Research
Sydney and Melbourne house prices could fall by as much as 30 per cent, while Hobart house prices could rise by 5 per cent, according to SQM Research Louis Christopher's Boom and Bust Report.
"A renters market" as Sydney rental vacancies hit a record high
The Sydney rental market has recorded the highest vacancy rate in 13 years, according to the Real Estate Institute of New South Wales (REINSW) and SQM Research.
There is still strong demand for property in the eastern states, says Louis Christopher, managing director of SQM Research. Sellers were simply staying out of the market in April, waiting for the holidays to end, he says.
