If you are considering purchasing or selling property, understanding where your area currently sits in the property market cycle is invaluable.
Of course, looking at the property fundamentals affecting supply and demand in a specific area is essential for long-term gain. Some of the key criteria include:
– infrastructure and future infrastructure commitments
– proximity and type of employment opportunities
– new development construction and commitments
– affordability (price vs. income)
– proximity to good facilities (schools, hospitals, shopping, lifestyle and entertainment options)
– planning restrictions and zoning
However, whether selling or buying you should still keep in mind where the area is in its market cycle, as this can have a significant influence on the short-to-medium-term profitability of your investment.
The Herron Todd White monthly Residential Property Report provides an incredibly thorough analysis on the latest movements and trends for most areas around the country, and places all key regions in their property cycle via its Property Clock.
(Click here to learn more about how the Property Market Cycle Clock works)
Here are the Property Clocks for Houses and Units as at March 2019:
Related Post: Cairns Property Market Update – January 2019
Cairns Mortgage Broker – Jason Thomson is a Mortgage Adviser and Finance Broker based in Cairns with clients all around Australia. Over 100 client reviews featured on his website prove that Jason is a trusted industry professional, facilitating great outcomes for his clients. Using his wealth of experience in financial services, he thrives on delivering superior service. Jason is very approachable and is always looking for new clients to help in the often confusing world of finance and property. Offering a no fee service, you’ve got nothing to lose by having an obligation free chat with Jason today.