Below are just some statistics collected from various websites. These provide a clear analysis of what may happen in 2021 in the property market in Australia
The indicators look positive and may show upward/normal trends for 2021. We leave the further interpretation to the readers.
- Residential real estate is a 7.1 trillion property market in Australia (in comparison to Australian stocks of 2.0 trillion)
- CoreLogic’s monthly movement in prices looks normal and upwards
https://www.corelogic.com.au/research/monthly-indices
A 5% rise in 2021 in Sydney, will mean an additional 40K to 50K added to the average price (Google “what is the average price of a house in Sydney”)
- Historically low-interest rates
https://tradingeconomics.com/australia/interest-rate
- Loans subject to repayment deferrals are slowly starting to go towards normal
https://www.housingdata.gov.au/visualisation/financial-market/temporary-loan-repayment-deferrals
- The unemployment rate graph is slowly starting to go towards normal, it did not go to double digits.
- Households have saved almost $119 billion over the past year
https://tradingeconomics.com/australia/personal-savings
- Increase in New home loans and refinance loans
https://www.abs.gov.au/statistics/economy/finance/lending-indicators/latest-release
- First home buyers are back and will add immense value to property market in Australia, pls check the graphs at the middle/bottom of the page
https://www.abs.gov.au/statistics/economy/finance/lending-indicators/latest-release
- Comparison of the Covid-19 downturn with the previous historic downturns
https://www.corelogic.com.au/news/quarterly-economic-review-december-2020
Disclaimer: Articles in this blog are just the author’s or authors’ personal opinions. The author or authors cannot be held responsible/liable for any content in this blog. It may or may not be correct. Please do your due diligence and seek professional advice according to your circumstances. How to Interview on Zoom Call. Tips and tricks for interviewing on zoom
