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Herron Todd White - Property clock - August 2015
Herron Todd White (HTW), the largest independent property valuer in country released it's August 2015 property clock
Whilst other areas are in different cycle, leading the rising markets are Bendigo, Brisbane, Cairns, Canberra, Central Coats, Coffs Harbour, Echuca, Gold Coast, Mudgee, Sunshine Coast, Tamworth, Toowoomba, Warrnambool & Wollongong. Whilst still showing signs of rising market, several areas including Melbourne and Ipswich, move to higher risk rating
HTW Property clock show Townsville, Orange, Launceston, Hobart, Hervey Bay, Burnie, Bundaberg and Alice well placed at the start of recovery stage in the cycle.
Herron Todd White - Property clock - July 2015
Herron Todd White (HTW), the largest independent property valuer in country released it's July 2015 property clock
Whilst other areas are in different cycle, leading the rising markets are Bendigo, Brisbane, Cairns, Canberra, Central Coats, Coffs Harbour, Echuca, Gold Coast, Ipswich, La Trobe Valley, Melbourne, Mudgee, Sunshine Coast, Tamworth, Toowoomba, Warrnambool & Wollongong,
In July 2015 HTW had this to say about Toowoomba
While there is general demand across the board for properties for sale below $500,000, it is predicted that the owner-occupier dominated suburbs such as East Toowoomba, Middle Ridge, Kearneys Spring, South Toowoomba, Mount Lofty, Darling Heights and Rangeville will record a more stable growth pattern than new investor driven developments across Toowoomba’s western suburbs.
Source: HTW Month in review July 2015
In June 2015 HTW had this to say about Toowoomba
... low interest rates and the robust nature of the Toowoomba market have enabled momentum to remain stable in other sectors and land values continue to rise as demand outweighs supply.
As for sales, while there is a firming consumer sentiment as asking prices across all property types continue to rise, it is the sub $450,000 price bracket that is likely to remain the most popular due to its affordability and proven broad market appeal.
Across the board, the Toowoomba residential market has performed in line with expectations and thanks to low interest rates, this period of upswing looks likely to continue into the second half of 2015.
Source: HTW Month in review June 2015
Market and economic outlook
“While we may celebrate the strength in the market, we also need to be cognisant that it’s still a market with challenges, as well as opportunities.” - Deloitte Financial Services partner and report co-editor James Hickey
Worth $1.4 trillion in our $5.7 trillion residential real estate market, home loans are one of Australia’s largest and most important capital markets. Given the strong tailwinds from last year’s 20% growth in loan settlements, and the current historically low interest rates, how sustainable is this level of loan origination in 2015? Watch the video
On 3 July 2015, Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss announced Nexus as the preferred proponent to finance, build, operate and maintain the $1.6 billion Toowoomba Second Range Crossing in a 25 year public-private partnership.
Now, with Federal Government committing funds to the project, the Queensland Government can deliver this much-needed piece of infrastructure.
It is estimated the project will take up to three years to construct and will provide up to 1,800 jobs throughout the construction phase.
Read more: Up to 1800 jobs for construction of Toowoomba bypass
Herron Todd White (HTW), the largest independent property valuer in country released it's June 2015 property clock
Whilst other areas are in different cylce, leading the rising markets are Bendigo, Brisbane, Cairns, Canberra, Central Coats, Coffs Harbour, Echuca, Gold Coast, Ipswich, La Trobe Valley, Melbourne, Mudgee, Sunshine Coast, Tamworth, Toowoomba, Warrnambool & Wollongong,
Source: HTW Monthin review June 2015
... low interest rates and the robust nature of the Toowoomba market have enabled momentum to remain stable in other sectors and land values continue to rise as demand outweighs supply.
As for sales, while there is a firming consumer sentiment as asking prices across all property types continue to rise, it is the sub $450,000 price bracket that is likely to remain the most popular due to its affordability and proven broad market appeal.
Across the board, the Toowoomba residential market has performed in line with expectations and thanks to low interest rates, this period of upswing looks likely to continue into the second half of 2015.