Perth and Regional Queensland Leading Property Growth

2 Oct

The timing is right for only one capital city property market, while for the others the clock seems to be ticking on a significant period of decline, according to Michael Matusik's property clock.

The property clock is an often used - yet simple tool - to display where select markets are positioned in the housing cycle. I have been using my version of the property clock for close to three decades and have found it is an effective way to display the comparative heat in the housing market

Perth and Regional Queensland Leading Property Growth — Late 2023 May see property Market Upswing

When a market significantly overheats, or is substantially oversupplied, during the upswing phase of the cycle, then the following downturn can be sharp and the stagnation long.
Sometimes a market will miss a cycle – which history suggests typically takes between seven and eight years between peaks – as a result of the previous exuberance. Think the mining towns in the 2000s or the Gold Coast during the 1990s as more recent examples.
The market positions depend on the balance between supply and demand, with demand exceeding supply during the recovery and upswing phases and the reverse happening during a downturn. Throughout stagnation the market is often more equally balanced between housing listed for sale and buyers.

Interest Only Repayments - Good or Bad?

The best way to make a decision here is to study your current situation and jot down your financial plan. Having your aims and goals in place and recognising your current financial situation will help you decide which option to choose. It is always good to consult an experienced mortgage broker/strategist who can guide you through.

Where are property prices rising?

Property analyst Michael Matusik's property clock for detached houses identifies Perth as the only capital city in a rising market, along with a string of regional Queensland towns and cities.

Where are property prices falling?

Property analyst Michael Matusik's property clock for detached houses has Darwin at the peak of the market cycle, and Canberra, Melbourne, Adelaide, Brisbane, Sydney and Hobart, together with regional centres like Geelong, Launceston and Wollongong in a downturn phase.