RH ASHFIELD Monthly Property Newsletter 2017
(Updated every end of month)
Happy New Year! – What News Will 2018 Bring?
As we wrapped up 2017 house prices were showing signs of slowing down, an uprise of unaffordable rents in all capital cities and interest rates remaining the same - makes it difficult to predict what 2018 has planned for us.
Nerida Conisbee, Chief Economist at REA Group, believes while the Sydney market will show a small drop in prices, the real focus this year will be on Property Management and tenancy rights.
With more people renting long term, we will see a greater focus by both state and federal governments to make it easier and fairer for renters - while not discouraging future property investors.
However, The Reserve Bank of Australia - whilst unlikely to budge on rates any time soon - and restrictions on lending increasing, are sure to create tougher conditions for investors.