September Market Outlook
CoreLogic National housing Update September 2017
housing supply under $400,000 dries up
What’s the outlook for the cash rate?
First home buyers waiting for legislation to pass
Adelaide September 2017
Brisbane September 2017
Cairns September 2017
Canberra September 2017
Darwin September 2017
Gold Coast September 2017
Melbourne September 2017
Newcastle September 2017
Perth September 2017
Regional NSW September 2017
Regional NT September 2017
Regional QLD September 2017
Regional SA September 2017
Regional VIC September 2017
South West WA September 2017
Sydney September 2017
Tasmania September 2017
Wollongong September 2017
CoreLogic NSW housing Update September 2017
CoreLogic QLD housing Update September 2017
CoreLogic SA housing Update September 2017
CoreLogic VIC housing Update September 2017
CoreLogic WA housing Update September 2017
Starting off modestly vs. buying a more expensive property
5 ways to save your mortgage deposit faster
Understanding low doc loans for the self-employed
Regional NT September 2017
The month in review: Regional NT
By Herron Todd White
Due to changes in the market in recent times we have seen investors become less active in the Alice Springs market, with the vast majority of transactions relating to home occupiers.
We are currently seeing activity from first home buyers after a quiet period for the occupiers. We are also seeing good activity to upgraders locally, however the empty nesters and downsizers are very quiet due to these purchasers typically leaving town to be close to family, making way for new entrants.
In the first home buyers category we typically see activity up to around $500,000 with a broad range of property from older style units to renovation projects or new larger homes. More recently we have seen a trend more towards newer property, particularly with the emergence of the newest suburb in Alice Springs, Kilgariff. This is largely as a result of the first home buyers grant available for builds or newly constructed dwellings.
We have also seen an increase in the range of property available to first home buyers such as newly renovated bed sit units, not previously available in the local market.
Going forward we are likely to see more first home buyer and home occupier activity as confidence returns to the market after a subdued period with Kilgariff now taking shape and plenty of other options around the existing suburbs.
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