Margaret Lomas Picks
In case anyone was interested, I caught the following "picks" from Margaret Lomas. Feel free to jump in if I got any of it wrong.
NSW - Central and South Coast will do well as people get priced out of Sydney's western suburbs
Qld - most migration in Australia as well as having high investor demand and falling unemployment.
Best affordability - people can afford $580K, but prices average price is $480K. Compare this to Sydney where the average price is $745k for prices but average affordability is $664k.
Target Family orientated areas - people move or stay up and stay in the area. And a low supply.
South of Brisbane should do well. From Consider (the corridor?) through Logan and Ipswich
Expecting 7% growth
SA - improving confidence in the south, but is reducing in northern suburbs so opportunity to get good bargains.
Adelaide grows 3-3.5 and rental of 7. Most consistent market in Aust! Doesn't boom/bust, but grows at around 3% all the time.
Vic - middle ring and southern corridor close to Mornington and Narre warren peninsula - lots of pent up demand ready to go.
Inner city: Extreme oversupply - biggest residential building in the world. 12% vacancy in Melbs, and 90% owned by investors. This is places like Docklands.
WA - forecast softening of prices on the back of reduced mining investment
Mining towns vulnerable, but if you can afford to hold on, they will come back!
Rental yields flattening but growth expected.
Tas - don't go! 2% growth, no demand and 1/4 pop growth of national average
Nt - looking down ?
ACT - balanced market. No pressure of prices or budget.