Australia's multi-speed property market testing investors
It's a tale of two property markets emerging in Australia, as the outer suburbs show signs of struggling while the more affluent markets produce the capital growth.
Outer suburban suburbs such as Rockbank, Victoria (pictured), are declining in value while inner city areas take off in a multi-speed national property market. (Image source: Shutterstock.com)
While reports of a rise in homes being sold for less than what was paid for them roll in, home price indexes are showing a continuing rebound from this year’s lows.
Record prices are being paid at auction each week, at the same time as a leap in mortgage arrears.
How can we explain these contradictions? Welcome to the multi-speed real estate market.
Across Australia, the market is producing very different results depending on location.
On one…
