Australia's multi-speed property market testing investors

While reports of a rise in homes being sold for less than what was paid for them roll in, home price indexes are showing a continuing rebound from this year’s lows.

Record prices are being paid at auction each week, at the same time as a leap in mortgage arrears.

How can we explain these contradictions? Welcome to the multi-speed real estate market.

Across Australia, the market is producing very different results depending on location.

On one side are buyers in a strong financial position thanks to the property rises of recent years. With low or no mortgages, these real estate shoppers have the means and the inclination to find what they’re looking for.

The only real problem to date: finding the right place. Listings of properties for sale have fallen by 25 per cent as owners, especially in these areas, hold on to their homes and investments.

https://www.apimagazine.com.au/news/article/australias-multi-speed-property-market-testing-investors