CoreLogic National housing Update August 2017
August Market Outlook
Where is renting most common? by CoreLogic
RBA takes a more positive stance
New depreciation rules affect property investors
Adelaide August 2017
Brisbane August 2017
Cairns August 2017
Canberra August 2017
Darwin August 2017
Gold Coast August 2017
Melbourne August 2017
Newcastle August 2017
Perth August 2017
Regional NSW August 2017
Regional NT August 2017
Regional QLD August 2017
Regional SA August 2017
Regional VIC August 2017
South West WA August 2017
Sydney August 2017
Tasmania August 2017
Wollongong August 2017
CoreLogic NSW housing Update August 2017
CoreLogic QLD housing Update August 2017
CoreLogic SA housing Update August 2017
CoreLogic VIC housing Update August 2017
CoreLogic WA housing Update August 2017
How a mortgage broker can help with your move
Government schemes to help you buy your first home
How do construction loans work?
Regional NT August 2017
The month in review: Regional NT
By Herron Todd White
During the market correction experienced in Alice Springs post 2014, investor activity was noticeably reduced and has not yet recovered to previous levels. Some savvy investors remain however and are keen to jump on good opportunities. The Real Housing for Growth head leased properties were the most popular while they were available as they offered strong ten year leases plus options and were only available on new properties which offered the added depreciation benefits. These opportunities aren’t currently on offer for new properties although some pop up from time to time for resale.
The stronger end of the investor market has traditionally been the sub $500,000 category which is still generally the most sought after.
Units at this level now offer gross yields of in excess of 6.5% for units, particularly older units however the returns can be reduced by high strata levies in certain areas. Houses sold for investment are less frequent, however typically offer a lower gross yield of closer to 6%.
Local investors are typically well educated in the market corrections that have occurred in recent years and will be seeking strong yields in return for lower capital gains. With early signs now evident that there has been some stabilisation in the market we should see more activity. There are still some entry level units selling for significantly less than a few years ago and entry level houses that require some TLC and upgrades that will see investors find some good returns going forward.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.