Property

Initial dwelling price targets were achieved early; therefore the trends identified for 2020 will need to be reassessed.
Momentum in the property market is strong and leading indicators point to solid price rises continuing.
The outlook for population growth and dwelling investment, points to a housing shortage that will manifest over 2020.

Data for lending to households and businesses data for December 2018 was released earlier this week. This data series replaces the old housing finance and lending finance series and includes some different data. Specifically focusing on lending to households the data shows that the weakening of demand for mortgages has continued.

Homes in the designated neighbourhood boundary of some of Melbourne’s popular public primary and secondary schools are securing sale prices of up to $412,500 more than those just outside the zone, according to the latest REIV data.