From the second half of 2019 to the first half of 2020, the development of the Australian real estate market can be described as declining, but declining. In 2018-2019, the Australian housing market is difficult to develop due to policy influences. After the Central Bank of Australia cut interest rates in the second half of 2019, the housing market has gradually stabilized, and housing prices in major cities have gradually recovered. There is a new situation in development. What will be the latest housing price trend in Australia in 2020?

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Australia has always been the first choice for real estate investors. Compared with some countries, the Australian housing market is relatively stable. Many people predict that 2020 will be a year of changes in Australian real estate prices. What will be the latest Australian housing prices in 2020 Still need to understand through the following content.

According to the data provided by CoreLogic, in the early 2020s, although the world suffered severe violations, the changes in the Australian housing market were not as great as expected. According to the index value of residential houses in major cities from January to April 2020, the index value has been stable. In April 2020, the index value of residential houses in Sydney, Melbourne, Brisbane, Adelaide and Perth will reach the highest value in 2020. From May to September, the overall trend is flat and stable.

The highest residential index in Sydney is 169.33, and the daily change range is about 0.01-0.08. The percentage change in the annual interest rate of the city’s residential housing remains at 8%-9.08%. It is closely followed by Melbourne, which has a residential index of 150.02, with a floating range of 0.01-0.04, and an annual interest rate change of 4.73%. Brisbane and Adelaide have similar data, while Perth's index changes 84.9, the range of change is 0.01-0.05, and the annual growth rate has declined slightly before the percentage change.

According to statistics from Corelogic, real estate prices in major cities in Australia have risen by about 1% and have already risen by 0.8%. Australian real estate prices have a certain trend of recovery. According to the forecast of Australian real estate network Domain in February, Sydney's real estate prices may rise by 10% at the end of the year, and the price will reach $125-$130. There may be a big rebound in Australian house prices, but not as fast as expected.

Sydney
It is the best-developed city in Australia, and the future housing price trend will show a clear growth trend. The growth rate of villa types is expected to be 10%, and the price will be as high as $125 Australian dollars. By 2021, the growth rate will remain at 6%-7%. The growth rate of the apartment at the end may reach 8%, and the price will reach $790,000. By 2021, the proportion will remain at 3%-4%.

 Melbourne It is the second largest city after Sydney, and the median house price in this city is expected to reach $1 million in 2021. The increase rate of villas is stable at around 6%-8%, and the proportion of apartments is stable at around 3% -5%. In the case of a population surge in 2021, the demand for apartments in the city will increase, and real estate prices will rise steadily. Canberra In the second half of 2020, the growth rate of villas may reach 5%-6%, and the price will reach $820,000. As the capital of Australia, the apartment will not be too bad in the next few years. After all, it is the political center of Australia. By 2021, the stable ratio of villas will be 4%-5%, and that of apartments in Belgium will be 2%-4%, where prices continue to increase. Brisbane The median house price growth rate will reach 7%-8%. In 2021, the scale will continue to grow. It is expected that real estate development in first-tier cities will be relatively stable. After a small increase in the second half of the year, it will usher in a small peak period. In addition, Brisbane's sales volume will continue to grow, and the ratio may be between 4% and 6%.

Exceeding the latest housing prices in Australia in 2020. The data of the real estate market is changing every day. From the displayed data, we can be sure that Australian real estate prices are on a steady upward trend in the next development. The prospects of the Australian real estate market are still relatively impressive. I want to buy a property in 2020. -2021 is a good time. 02 After the renovation of the Chinese district in Melbourne, housing prices will still increase a lot! According to reports from HERALD SUN, Monash City is expected to see a prosperous property market that even Melbourne can’t match. Large-scale infrastructure projects may push up housing prices.

The new suburban railway loop station and upcoming world-class medical and educational facilities will turn the city into a major employment center.

Real estate analyst Terry Ryder pointed out that despite the severity of the epidemic, Ashwood, Chadstone and Wheelers Hill have withstood the effects of the economic downturn, but the annual housing price increase is still as high as 18%.

Ryder said: "Long-term capital growth rates in the suburbs of Monash are typically 6% to 7% per year.

I expect that in the next two to three years, this ratio will increase to 7% to 8% per year, which is very high in Melbourne.

The upcoming suburban railway loop is the project with the greatest impact on Monash.

This week, Clayton, Monash University, Glen Waverley and nearby Burwood confirmed the news. "

The $1 billion Victorian Heart Hospital, the upgrade of Monash Freeway and the completed Monash Biomedical Learning will also boost the economy. At the same time, companies will be attracted to the expanding Axxess Corporate Park and Glen Shopping Centre, as well as the new Sofitel Hotel.

Ryder said that as more and more people pay attention here, Oakleigh will usher in a population explosion.

Ray White Oakleigh's agent Leigh Kelepouris said that Oakleigh's house prices are underestimated, and this situation will change when more people discover the food and impressive public transport options here.

At last week's auction, Mr. Kelepourissold sold a four-bedroom "glamorous apartment" at 35 William Street in the suburbs for $1.32 million, after six registered bidders pushed the price above the reserve price.

Simon Myers and Sarah Howe said that Monash is the ideal place to raise their two children, Harvey and Harper.


An important infrastructure project in Monash is a very good signal for the region, which will only increase the housing prices here.

Max Martinucci, head of O'Brien Real Estate, expects Monash house prices to grow by double digits next year.

He said that during the outbreak, Chinese buyers had disappeared from the area, but because local residents were unable to live in major surrounding suburbs such as Glen Iris, Surrey Hills and Bayside due to high housing prices, prices in Monash still rose.

He suggested that smart investors buy houses near Clayton and Clayton South, because the new suburban railway loop station will be located there.

According to the “Sydney Morning Herald” report, as the Reserve Bank of Australia’s official interest rate dropped to a record low, measures to restrict the second wave of the epidemic began to be lifted. In November, housing prices in every capital city rose.

CoreLogic data released on Tuesday showed that national house prices increased by 0.8% last month, which is the second consecutive month of national house price growth. In October, except for Melbourne, housing prices in all other capital cities in Australia rose. Since the beginning of November, Melbourne’s restrictions began to be lifted. Melbourne house prices increased by 0.7% in November, but house prices still fell by 0.4% in a quarter. Sydney house prices increased by 0.4% in November and the quarterly growth rate reached 0.3%.

CoreLogic Research Director Tim Lawless said that although overall house prices are still lower than the level in March, according to current development trends, house prices in most cities may fully recover by February 2021. Melbourne's housing prices are now 5% lower than the peak period, and it will take longer to recover. House prices have grown faster than apartments.

Although there have been many new apartment developments in Melbourne's inner city in recent years, and tenants are also very difficult during the epidemic, unit prices have remained stable so far. In November, apartment prices in Melbourne rose by 0.7%, but apartment prices in Sydney fell by 0.7%. House prices rose by 0.6% and 0.9%, respectively. Although mainly affordable housing has contributed to the housing market recovery, CoreLogic found that 25% of the most expensive houses in Sydney and Melbourne have seen similar trends.

In November, the capital cities with the strongest housing prices were Darwin and Canberra, with housing prices rising by 1.9% each. House prices in Brisbane, Adelaide, Hobart and Canberra are now at record highs. Overall housing prices in capital cities rose by 0.7%. House prices in Australian villages and towns rose by 1.4%.

04
The central bank maintained 0.1% interest rate in December, saying that it will not raise interest rates within 3 years

The December RBA board meeting was held in recent days. The board of directors announced early that the cash interest rate will remain unchanged at 0.1%, maintaining a record low, and continuing a series of measures in November to support employment and Australia's economic recovery.

The governor of the Reserve Bank of Australia, Philip Lowe, said that news about the health crisis worldwide has been mixed. The governor said in a statement today: “On the one hand, the infection rate in Europe and the United States is still rising sharply, and the recovery of these economies has lost momentum. On the other hand, there have been some positive news regarding vaccines. Will support the recovery of the global economy." The RBA board of directors stated that, given the labor market and economic outlook, no interest rate hikes are expected for at least three years.

The board of directors stated that unless the actual inflation rate is continuously maintained within the target range of 2-3%, the cash interest rate will not be raised, and also believes that the possibility of negative interest rates in Australia is extremely small.

Mortgage loans are as low as $50 per day! Mortgage loans from 50 lenders are less than 2%!

According to statistics from a leading financial comparison website, Australia's mortgage interest rate has never been so low, with an average daily mortgage of less than A$50.

Data from RateCity.com.au shows that there are currently 126 types of mortgages offered by 50 lending institutions with interest rates of 2% and below.

However, this situation was hard to imagine a month ago. Just before the Reserve Bank of Australia cut the official cash rate on November 3, only 11 lending institutions had interest rates below 2%. Since then, this number has doubled several times.

The industry said that mortgages of less than 2% are becoming the new normal. At least 50 lending institutions now have mortgages of less than 2%.

Record low interest rates have increased people’s borrowing capacity. As a result, some first-time homebuyers finally find themselves at an advantage in house auctions.

In a $400,000, 30-year mortgage, the mortgage interest rate is less than 2%, which means that the daily principal and interest mortgage cost is less than $49.

If the loan is 750,000 Australian dollars, the daily repayment is less than 91 Australian dollars; the 1 million Australian dollars loan, the daily repayment is about 122 Australian dollars.

According to the data of RateCity.com.au, the borrower has a loan repayment rate of 1.77% for a loan of A$400,000. Compared with the lowest interest rate of 3.44% two years ago, the borrower now saves A$12 per day, which is a premium for one year. Thousands of Australian dollars.

The latest loan financing data from ABS shows that the number of loans for first-time home buyers has increased by 51% over the same period last year.

"Two years ago, the lowest floating interest rate was 3.44%. Today, the ratio is 1.77%. Not only the low-cost lenders have shifted, the entire market is forced to follow the reduction of mortgages."

Source: SBS, Daily Mail, Melbourne Real Estate Information, Australian Financial Information, Australian Net and other online media