Demand for Australian residential dwellings has decreased by 0.3%

With a lot of talk about the property market, www.realestate.com.au property outlook report provides some interesting insight into what’s happening across the country in property.

The report found that the demand for Australian residential dwellings has decreased by 0.3% year-on-year to September 2018, with the capital cities showing a distinct cross-section of highs and lows signalling a continuation of the two-speed market.

It also showed that national demand for houses has dropped by 0.5%, while demand for apartments across Australia has fallen by 8.5%.The auction clearance rate from WE 20/10/18 Melbourne had 894 properties up for auction out of which 427 sold and 467 passed in or withdrawn leaving a poor clearance rate of 48% the scene in Sydney was 49%.

If you are keen to understand how equity can be created without having to do much or leverage off this in the future don’t hesitate to give DBIJ Finance a call on 0422 094 831 or 1800 MY DBIJ (69 3245).

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