Housing market update

CoreLogic confirmed the property boom continued apace as we close out FY2021.

Hobart was the biggest gainer in June gaining a remarkable 3%. My former home state has certainly changed markedly since my time there in the 1990s. A shock to see some of the prices for units and houses there when I browsed Domain today. Putting it simply, if I moved from Canberra to there, I’m not sure I’d be moving into a more affordable market or not anymore! Speaking of Canberra, it joined Sydney to also record over 2% gains for the month.

Unsurprisingly, lending for housing has exploded. Owner-occupiers, spurred by grants, were the first movers. Now investors are joining the party amid cheap mortgage rates and a galloping market. The gains beggar belief…

Who knows what this FY will bring! We’ve been on a wild ride lately…

Housing market update

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