NSW investors contending with mixed data signals, persistent supply crunch
Property affordability appears destined to worsen in New South Wales as interest rates are cut and measures tackling housing supply prove inadequate.
Where do investors sit when the data says something different to what real estate sellers on the ground are experiencing? (Image source: Shutterstock.com)
One of the major drivers in the market is the availability of money.
If buyers can service higher debt levels, then they’re able to push the price of property up. It happened with the last interest rate cut and if the expectations of further rate cuts this year come to fruition, it will likely happen again.
Cotality research shows Australian housing values rose
by 0.6 per cent in June, the fifth straight month of growth. Sydney house values were …
