Your essential property news roundup 18 Feb 2019

Welcome to this week’s property news. First up, another regional success story during the downturn. This one is in Victoria. Follow the link to find out where.

Regional Victorian property market rising above the rest

Another week of the downturn and the media is trying to focus on the positive. This article is paywalled, but this week the AFR says ‘Property downturn has upside for home buyers wanting more for less’

Over on one of our favourite blogs, smartcompany.com.au, the question is being asked again,

Should investors wait for the ‘right time’ to buy?

We recommend having a read if you are a property investor, as it contains excellent advice. A highlight from the article:

“Recognise that property is a long-term play and set up financial buffers to help you ride the property cycles.’

Is rentvesting another factor contributing to the slow downs in Melbourne and Sydney? According to data, there are a substantial number of renters actually looking at investments interstate. While this article does not suggest that, it is an interesting fact to ponder.

On to the topic of mortgage broking, the industry is still feeling the fall out from the Royal Commission. This week, John Symonds, one of the founders of the mortgage broking industry, has weighed in:

Aussie's James Symond says Hayne change will destroy mortgage competition

In other news:

McGrath flags tough times ahead as February listings, prices disappoint

Canberra the strongest real estate economy in capital city Australia: Hotspotting's Terry Ryder

Clearance rates have lifted but home prices are still sliding

Have a great week everybody!

Maria Andriopoulos