Property Investment in Morayfield, QLD

Median house price: $410,000 (July 2021)
Median house rental value: $340 PW (August 2021)
Transport: car, bus, train
Population: 21,394 (2016 census)
State: Queensland
Size: 44.5 square kilometres
Location: 38km north of the Brisbane CBD

Morayfield is a well-known town and suburb located in the north of Brisbane City. This is mainly a residential area, with a few semi-rural acreages and a lot of low-set brick houses. In 1997, Morayfield Shopping Centre opened on Morayfield Road as part of the main commercial area. It is close to two coasts, Brisbane and Bribie, and is just five minutes from train stations, schools and shopping centres.
This Queensland suburb is midway between the Sunshine Coast and Gold Coast. Originally named “Moray Field” after the Scottish county in which George Raff grew up, it was purchased by Brisbane man George Raff in 1868 and named after his native land in Morayshire, Scotland. It was sometimes referred to as “Morayfields” and, from 1881, as “Morayfield”.

Real Estate Market

The median property price for a house is $410,000 and for a unit is $300,000 and the steady increase in property values over the past five years equates to a 14.08% gain in value. Investors who consider investing in Morayfield can earn their house rent for $340 per week with a 4.3% annual rental yield. Morayfield units rent for $330 per week with a 5.7% annual rental yield. During the last five years, Morayfield’s house sales have compounded at 3.1% and its unit sales have compounded at 1.0%.
Experts also see that Morayfield will experience high demand in the next five years. It’s one of the few suburbs out there that is open-for-inspection traffic is high, with government incentives giving buyers an opportunity to build their dream homes on large blocks. It’s a great suburb that offers large blocks of housing, appealing to families wanting to get away from the busy cities below $500,000.

Population and Demographics

According to the 2016 census, Morayfield had 21,394 people, of which 51.5% were female. Those who reside in Morayfield are on average 32 years old, which is 6 years younger than the national median age of 38. Also, 77.2% of residents are Australian citizens.


It’s quite astonishing that the locals of Morayfield consider it to be the 2nd best suburb in Australia. With its wide range of facilities available in Morayfield, as well as the area is close to schools, shopping centre, a multitude of sporting facilities, and the neighbours are friendly. Thus, it is considered as one of the most desirable places to live in Queensland by the locals.

Aside from being peaceful and quiet, Morayfield also offers great value for money. It also has some amazing areas, Such as Excelsior Park, which is close to shops, nature, and everything you could possibly want. There are no problems with public transport and it is the best. As there is a train station in Morayfield from where train services are available to Brisbane, Ipswich, Caboolture and the Sunshine Coast. In summary, it is a great place to call home.

Morayfield also offers schools for different age groups, including both public and private ones. In addition to its thriving retail and service industries, Morayfield is known for the Morayfield Shopping Centre and many standalone businesses along the main highway (Morayfield Road).

Why Live and Invest in Morayfield?

  • Median property prices in Morayfield have steadily increased over a five-year period, translating to a capital gain of 14.08%.
  • Morayfield occupies 396th place on the list of top 31 suburbs yielding great rental returns in Queensland with a 4.49% return.
  • Morayfield, besides having plenty of parks, is a 30-minute drive from the beach and the High School and Sports Club are right beside the train station.

Looking to buy an Investment Property in Morayfield? Contact us now.

Australian house prices have soared at an unbelievable rate across all major cities. Thanks to the strong demand, low interest rates, and government incentives, this momentum could very well go until next year.  

Based on a recent report from ANZ Bank, the national level Australian house price rose to a substantial 17% through 2021. According to the same report, this will slow down to 6% growth by 2022. The following are some of their major predictions. 

Sydney and Perth house prices will increase by 19% by the end of the year. 
Melbourne, Canberra, Darwin, and Brisbane house prices will soar by over 16% this year. 
Adelaide house prices will rise 13% over the year. 

Dramatic House Price Growth Across States

Sydney house prices are now at $1,309,195; according to Domain records, this is the fastest quarterly acceleration since 1993. If things continue the way they are, an average house in Sydney will cost around $1.24 million by 2023! Other capital cities have also seen significant upswings during the quarter. 

Melbourne saw a 4.8% increase. For Melbourne, this is its first time rising than regional Victoria. Melbourne is also the only capital city to record a new unit price high. Brisbane house prices are also at a record high. However, their units have not done so well. If you want to buy a house in Brisbane this year, you will need about $60,000 to secure a house. 

Perth house prices have also reached their peak in over five years. Their unit prices were also the highest in almost three years. As for Hobart, house prices hit a new record high for the first time since 2017. 

More Optimistic Forecasts

Property price growth will also soar, according to the Commonwealth Bank. Based on their recent forecast, property price growth will climb two points from 8 to per cent this year. Westpac is a lot more optimistic; they forecast 10 per cent house growth for this year and even next year. 

We have seen how house prices increased 22% during the final months of 2020, which signifies a confident housing market. Australia’s unemployment rate is also forecast to decline steadily by the end of 2021, and it would go even lower by the end of 2022. 

Previously, treasury secretary Steven Kennedy has forecasted a 10% rate of unemployment. However, by July 2020, the unemployment rate only grew by 0.1% to 7.5%. Things weren’t as bad as previously forecasted. 

Furthermore, the strong demand for houses keeps the number of properties on the market low, which also makes vendor discounts at a record low. The auction clearance rates have remained below 80%, which indicates a strong property market. Also, the Australian economic recovery is as good as it gets in the March quarter, increasing 1.8%. It proves to everyone that 2021 is indeed a year of recovery after the challenging year of 2020 ended, which has surprised many economists who had more pessimistic predictions during the start of the year. 

According to CoreLogic’s head of research, Eliza Owen, several factors drove this increase in the housing market during the first few months of 2021. But it’s all majorly affected by the continued Covid response, such as continued low mortgage rates, high consumer confidence, and for some, savings due to COVID restrictions. 

The federal government incentives such as the first home loan deposit scheme and the new home guarantee have contributed significantly. Due to these schemes, many aspiring home buyers have entered the property market earlier on average. 

Australian Government’s stimulus and efforts have fuelled the strong housing market growth. Australia’s economy seems stronger than expected, and there’s a great chance that this will continue for years.

How It Will End?

The boom will not last forever, and economists predict that it will slow down by 2022. According to Melissa Heagney, senior journalist for Domain, economists predicted slow growth by the end of the year due to “affordability pressures bite, and more homes being offered for sale”. On a different note, some experts also say that house prices can fall only during 2023; this can happen if the Reserve Bank of Australia decides to raise the interest rate a year earlier.  

Despite all the grim predictions, the Australian housing market has bounced back to heights never imagined. More predictions say that prices will continue to rise, which is a good sign for investors. 


How is the housing market in Australia? If you’re planning to buy property in Australia, you’ll want to check out the housing market situation before diving. The effects of the COVID-19 pandemic have significantly changed the real estate game, so to succeed as a real estate investor, you must do your research. In this article, we’ll cover Australian real estate market trends as well as the best places to invest in Australia for this year.

The current state of the market
The pandemic has had a massive impact on Australia’s real estate market. During the outbreak, many people have migrated from big cities to take up residence in the suburbs. Some are also moving into more affordable cities in different parts of the country. All of this has changed the property market, making it challenging to know when and where to invest.

Australian Property Values Will Increase
The latest home sales data shows that Australia’s new home sales in all states and territories soared over 90% in March 2021. Based on the latest SQM Research, Australian home prices rose 5.0% to 9.0% throughout 2021. According to Tim Lawless, ‘if the current growth trend continues, Australia might surpass the national home value index pre-COVID levels in early 2021’, this stood true.

Migration Trends
Many people also abandoned city life to start living in the suburbs and smaller communities with lower infection rates. Over the past several months, there has been an influx of renters from Sydney and Melbourne to other regional states such as Victoria and Queensland.

People will pay a premium to get a property in the right neighbourhood.
It’s not just the lot and the property type that will be most important. Post-covid people will realize the importance of living in the right neighbourhood. Workers will prioritize living close to work and will look for amenities within 20 minutes reach.

Investors will return as first-home buyer activity fades
Low-borrowing costs and government incentives in the early part of 2020 made it possible for many first-home buyers to own properties. However, as most first-home buyers get settled, the investors’ activity in the market is rising.

The Best Places To Invest in Australia in 2021
Australia is known for its highly competitive property market. It’s also one of the most expensive real estate in the world. Prices have increased very quickly in over a decade.

Brisbane is in the middle of a property boom, and we’ve seen just how strong the market was in 2020. Thanks to interstate migration, new infrastructure, and affordable properties, Queensland will see another massive boom the rest of this year.

New South Wales (NSW)
With home sales rising in regional states such as NSW, these areas are predicted to benefit most this year.

This year we’ll see many people relocating from big cities to more regional areas such as Victoria. Affordable homes and a quiet lifestyle will drive a lot of first home buyers in this region.

Investing soon? Contact us for an obligation-free consultation here.

If you’re a real estate investor, the end of the financial year (EOFY) can be a rewarding time with all the tax incentives. And with tax time just around the corner, it’s so crucial to start your planning now. To make the most out of all your investment opportunities, we’ve compiled a list to help you.

Understand What and When You Should Claim

Find out which claims are deductible and what isn’t. You should know by now that being a property investor allows you to extend property claims more than just the property itself. There are many items that you can forget to include when you’re sorting out your tax deductions. So, make sure you know what these are.

Know What You Can Claim as Tax Deductions

Did you know that 80% of investors don’t calculate their deductions properly? This results in a huge loss on significant tax-saving opportunities. If you’re not sure what claimable deductions are available for you, here’s a list:

Claimable Deductions:

● Repairs
● Improvements
● Advertising for tenants
● Cleaning
● Gardening
● Water charges
● Electricity and gas
● Pest control
● Land tax
● Lease costs
● Telephone
● Security monitoring costs
● Capital Works

Pre-Pay Your Interest

If you have a fixed-rate loan, you can pay the interest now for the next 12 months. Doing this will help you earn a tax deduction for this financial year. It can also help you with cash flow and
budgeting by using a lump sum available rather than having to pay regular interest throughout the year. Furthermore, if the interest rate rises over the next months, pre-paying can actually help you enjoy a more discounted interest rate.

Claim Depreciation

Another major tax benefit for property investors is depreciation. So, if you don’t have a depreciation schedule, make this happen now. Quantity surveyors can create a depreciation schedule for you. According to statistics, almost 50% of property investors fail to make depreciation claims which make them lose thousands of dollars yearly.

Okay, but what is depreciation? Depreciation happens when an item’s worth becomes less over time. When you’re filing for a tax deduction, depreciation is the method of allocating the cost of the item over its useful life.

For example, if you have an investment property with a refrigerator that’s worth $2000, you can claim $200 against your taxable income for 10 years on that item. There are items that have depreciation and others that don’t so it’s important to know what you can claim. Here’s a helpful guide to types of depreciation tax deductions.

● Equipment Depreciation – items within the building such as air conditioners, hot water heaters, carpets, blinds, etc.
● Building Allowance – refers to the construction cost of the building including the concrete, brickwork, etc.

To make tax claims for depreciation, you need to create a report that identifies all the things against your tax and their current value.

Claim Finance and Insurance Costs

Property investors can claim finance costs related to their property investment. This includes bank charges, borrowing costs, and loan interests. These are all tax-deductible.

Hold Onto Your Receipts

Being organized can save your life when it comes to sailing through your EOFY. Compile all your paperwork, including your records of ownerships, contracts of purchase and sale, loan documents, and most especially your property-related receipts.

Don’t throw them in the bin and keep a physical and digital record for yourself. Some of the most organized people even have a spreadsheet of all their expenditures. You’ll need to show proof of them later so that your profited amount can be added to your taxable income. This will make computing taxes easier and less stressful for you or your accountant when the end of the year looms.

Review Your Loans

Make sure any interest-only periods are not going up for expiry if you hold a loan on an owner-occupied property. Review your loan and insurance deals and compare them to other deals in the market to make sure you’re getting the best deal.

Be Aware of Tax Refunds Scams
Plenty of scams target property investors during tax time. So, it’s really important to be wary during this time of year. Tax scammers claim lots of dubious things including you overpaying your taxes, underpaying your taxes, or claims of administration fees. Do not give your credit or debit card details — or send money through a transfer with these scammers.

Hire a Good Accountant
Nobody enjoys all the paperwork that goes with tax filing, so if you’ve got money on your hands why not hire an accountant? EOFY can be difficult to navigate without seeking professional help. To do this correctly, choose an accountant that suits your investment needs. Preferably, an accountant that has experience working with property owners. Also, make sure that your accountant has the knowledge and experience in various important
taxation laws. They’ll know how to maximize your tax deductions and know the benefits you can get from owning an investment property. They can also give you valuable tips on making the right investments in the future and things you can do to improve your cash flow. If you hire
someone that isn’t familiar with property investments, you’ll have a hard time maximizing your savings.

EOFY is fast approaching so it’s best to act fast. Don’t do things until the final days. Start filing your taxes before June 30. A little bit of planning can go far when it comes to saving more of your hard-earned income.

Planning your next move in your investment properties journey? Contact Mirren Investment Properties for a strategy meeting.

Is Queensland about to have a property boom? According to experts, an influx of residents from Sydney and Melbourne will bring high growth to the Sunshine State, and this sky-high will remain for years to come.

Property Market Growth
Queensland, Australia continues to grow in population, demand, and opportunity, making it one of the hottest spots right now for real estate investors. Queensland had incredible market growth last year, thanks to its strong response to the pandemic. As CoreLogic reports, the capital of Queensland, Brisbane, experienced 2.5 per cent growth in the previous three months. It even outpaced Sydney’s 1.6 per cent rise.

Population Growth
Brisbane is ranked among the fastest-growing cities in Australia. Based on the new Australian Bureau of Statistics data, Brisbane’s population grew by 1.9 per cent during 2019 – 2020, making it the highest growth rate in all capital cities.

Key Population Stats:
– Queensland is now home to around 20% of the Australian population, two per cent higher than years earlier.
– Greater Brisbane increased its population by more than 46,000 people. It now has a population of 2.4 million as of 2021.
– Queensland’s 65 years and overpopulation grew three times faster over the last decade.
– Queensland is currently leading the population growth across the country with interstate migration due to affordable housing, better employment, and lifestyle.

Job Market
Queensland’s job market is sky-rocketing right now. Its rapidly expanding economic industry is driving more dollars into the city. Its abundant job market is also attracting a highly educated workforce that is willing and can afford better properties.

Employment growth in Queensland rose 0.9% in March 2021; around 29,700 more people are working right now than last year. Based on statistics, the unemployment rate in Queensland decreased to 5.6%. Thousands of jobs were lost last year due to the pandemic, but these numbers bounced back relatively quickly after the state recovered.

Investment Benefits in Queensland

Resilient and Diverse Economic Market

The government response to the impact of the pandemic in Queensland proved successful in containing the virus resulting in a fast recovery rate.

Government Incentives

Queensland has generous government incentives for homeowners and property owners. There are also tons of incentives for those who want to purchase certain types of properties.

Brisbane has always been a place of affordable housing, and now people who are trying to save money are looking to buy homes in the area.

High-growth rate
Queensland’s high growth rate attracts a lot of people to move into the state. Experts forecast that Queensland will be a hot destination for the next few decades, which is happening now. Out of the ten regions identified as ‘best buys’ by Hotspotting in Australia, four are in Queensland.

Looking to buy an Investment Property in Queensland? Contact us now.

A Guide To Investing in Brisbane Property Market

Brisbane is currently in the midst of an economic boom, making it one of the most sought-after places for local and foreign real estate investors. As the third-largest and fastest-growing city in Australia, Brisbane is experiencing unparalleled residential growth.

The State of Property Market in Brisbane
Brisbane’s real estate has always been stable and consistent, with small fluctuations and dips during the pandemic. Last year, Brisbane property prices rose to 3.6 per cent with small increases for houses and apartments. In 2021, Brisbane had a strong start thanks to new casinos and housing affordability compared to Melbourne and Sydney.

Brisbane’s population has also grown faster than the 10-year average. It now averages 23,000 new residents annually. Brisbane enjoys a healthy job market with a cost of living that is more affordable than its other neighbouring states.

Tips for Investing in Brisbane
If you’re a first-time investor, you’ll want to invest a home in areas where there’s a busy real estate market. Research about the kinds of properties people wants in the area. Are they more into townhouses? Bigger apartments? Or detached houses? If you want, you can also hire an experienced property consultant who can help you with the current trends. They will most likely have the most trusted report on the market conditions, helping you make the smartest decision.

Study the market and area you want to invest in. Make sure you are buying into an area where there will be high profit and positive cashflow. Don’t simply invest in suburbs because they are being developed. Research on the current predictions and likely expansions. Other things to look out for are the presence of entertainment areas, transportation, and schools.

Best Suburbs in Brisbane

  • Strathpine: a developing suburb in Brisbane with 8% 12-month growth, median house price of $421,500, and a gross rental yield of 5%.
  • Oxley: an emerging suburb with 9% 12-month growth, $585,000 median house price, and a gross rental yield of 4%.
  • Kedron: a growing suburb with 8% 12-month growth, $735,000 median house price, and a gross rental yield of 3%.
  • Toowong: a popular suburb among university students because of its proximity to Brisbane CBD and the University of Queensland. It has a 12% month-growth and a house median price of $1 million.
  • Camp Hill: a family-friendly suburb with a median house price of $980,000 and a growth rate of 4.1 per cent over the last five years.
  • Manly: a bayside suburb with an average of 14.2 per cent increase in house value. It has convenient public transportation with a direct route to Brisbane CBD.

The suburbs of Brisbane and surroundings like Park Ridge, Ripley, Greenbank and others offer great property investment opportunities starting around the $450,000 mark. Interested? Contact us for an obligation-free consultation here.

Median House Price: $620,000
Median House Rental Value: $430 PW
Population: 7,694
Transportation: bus, car, bike, train
State: Queensland
Location: 41.5km south of Brisbane CBD
Size: 110.6 sqkm

Greenbank is a rural residential suburb located in the City of Logan in Queensland, Australia. First established by European settlers in the 1840s, the suburb was once a farming and timber cutting area. Today, Greenback is a suburb close to various nature reserves. It’s surrounded by farmlands, parks, and a watercourse with numerous species of plants and animals living in their natural habitat.

Real Estate Market

Greenbank has a total of 169 properties for sale and 14 properties for rent. Over the last 12 months, 91 properties have been sold in the area. The properties also spend an average time of 137.49 days on the market.

Population and Demographics

Based on a 2016 census, Greenbank had a population of 7694 people. The average age in Greenbank is 36 years; this is one year below the national median of 37.

Greenbank has 25.7% older couples and families, 23.1% established couples and families, and 14.9 maturing couples and families. Most people live in houses (95%), only a few have semi-detached homes (4.5%), and other dwellings, including apartments, consist of 0.3%.

The median household income for people living in Greenbank is $86,892. The most common occupation type is technician and trade workers (19.3%), administration workers (16.3%), and managers at (15.3%).

The most common cultural background of people living in Greenbank is English (42%), followed by Australian (39%) and Irish (10%). Languages other than English spoken in the suburb are Vietnamese, Mandarin, Hindi, and Afrikaans.


Greenbank has plenty of employment hubs for residents in the area. Although the primary mode is private transport, regular bus services can be accessed from the neighbouring suburbs of Forestdale, Hillcrest, and Brown Plains.

Greenbank has 36 parks covering more than 4.7% of its total area. There are also shopping areas with all kinds of services available for consumers. Greenbank has amazing dining facilities and good restaurants. It’s also has sporting facilities, a library, and a community centre that hosts various local events.

Greenback has a primary school for boys and girls called the Greenbank State School. It doesn’t have any secondary schools, and the nearest is found in the neighbouring suburbs In Park Ridge and Springfield Central.

Why Live and Invest in Greenbank?

Greenbank has an excellent real estate market with 91 properties sold annually. Investing and buying a home here is a great option for new investors or first-time homebuyers.

The median household income for people living in Greenbank is $86,892.
Greenbank is a suburb close to plenty of nature reserves allowing plenty of opportunities to enjoy fun outdoor activities with nature.

Greenback has all kinds of amenities, from sporting facilities to community centres.

We’ll get you a property in Greenbank that fits your investment strategy, contact us today on (02) 8814 5275 or at here.

Buying several investment properties is one of the best ways to increase your wealth. However, this is something easier said than done. What’s challenging is choosing what strategy to use and what properties to invest in. Below are some tips to help you get a good start and a good chance of making money from your investment properties.

Increase Property Value Through Renovation
Renovations are the quickest ways to increase your property value. Some investors buy properties below market value, then renovate them and sell for profit. One cost-effective improvement is paint. Painting a property with a fresh new look can quickly transform its appearance. It’s also essential to hire an inspector to check the house for hidden problems that may negatively impact your home value.

Diversify Your Portfolio
If you’re relying on your capital growth to gain more investment properties, then it’s crucial to diversify your portfolio. Using your equity to add more properties to your investment portfolio is one of the best ways to get funding for your property investment plans. 

Having several diverse properties in different areas allows you to expand your investment portfolio and increases your chances of gaining more profits. It will also allow you to expand your investment portfolio.

Stay Updated on Trends and Changes
We live in a time where laws and taxation can change in a blink of an eye, which means you have to watch more closely. These changes significantly impact investments as they affect the interest rates and taxes you’ll have to pay.

Staying on top of trends also helps you make informed real estate decisions.

Sell Underperforming Properties
Your investment success greatly depends on whether you can sell what doesn’t work for you – This is a crucial money management skill that every investor needs to know. When you refuse to sell an underperforming investment, your portfolio will bleed. So don’t hold on to the properties that are losing you money; sell them before it’s too late.

Talk to an Investment Property Strategist
Diversifying your investment property is a great way to make the most of your real estate investment journey. Not sure what the next step is for you? It’s best to work with an investment property strategist who can help you navigate the process and make the best purchase possible to make a smart investment. At Mirren Investment Properties, we can help you understand and achieve your property investment goals.

We can help you make informed decisions while gaining the maximum benefits of the current market and rates. Is this the right time for you to expand your property portfolio? Reach us for an obligation-free investment strategy session, contact us here.

Median House Price in Ripley: $389,950
Median House Rental Value: $370 PW
Population: 1.405 (2016 census)
Transportation: bus, car, bike, train
State: Queensland
Location: 40km southwest of Brisbane CBD

Ripley is a developing suburb in Queensland with a population of 1,405 (2016 census). Located in the city of Ipswich, it’s one of the best places to live in Queensland. Ripley is found near Bundamba creek and is nestled between bushlands and hills. In its southeast corner, you’ll also find the Centenary Highway. Ripley has lots of well-kept public areas which focus on the inhabitant’s well-being. This is one of the key reasons why many people stay in Ripley.

Real Estate Market
Ripley enjoys a healthy real estate market for its size with 80 visits per property. Compared to the rest of QLD, investors can earn a lot of capital gain investing in the area. More than 70% of people in Ripley own their properties and 27% rents their home.

Population and Demographics
Ripley’s lifestyle is influenced by the people in its area. The average median household income in Ripley is $86,476.

The average age of people living in Ripley is 20 to 39 years old. The suburb consists of 28.8% older couples and families, 28.8 % established couples and families, and 11.5% maturing couples and families. From Abs data, the primary occupation of people in Ripley is community service workers and trade workers.

It is an emerging suburb with lots of areas to discover. Surrounded by stunning parklands, great local restaurants, and sprawling estates, Ripley is the perfect place to live a peaceful life with your family.

Ripley has two government schools, one primary school, and a high school. Ripley also has a large shopping centre called the “Ripley Town Center” which has a full-line Coles supermarket, around 20 specialty stores, a medical centre, and a gym.

Near the town center is the Spring Mountain Conservation Estate, a 2500-hectare site that is open for bike and horse-riding. It also has walking trails and bird-watching sites where you can find 600 plants and 150 animal species.

The estate also has a huge pool which includes a beach, toddler space, and 50-meter lap pool. The site is free and supervised by lifeguards from 5 AM to 9 PM during summer.

The suburb is only 40 minutes via the M5. The closest train service is found in the Springfield central station.

Summary: Why invest in Ripley?

  • Ripley is a developing suburb with lots of potential for growth.
  • It enjoys a healthy real estate market with a median house price of $389,950.
  • The average age of people living in Ripley is 20 to 39 years old, favourable for people renting in the area.
  • Ripley has lots of amazing places to visit such as the Spring Mountain Conservation Estate.

We’ll get you a property in Ripley that fits your investment strategy, contact us today on (02) 8814 5275 or at here.

The Australian property market started the year on a high note as sales rose in December and continued towards January. Steady demand during a time of low availability has also caused property values to rise. Despite the restrictions caused by the pandemic, house prices rose very steadily.

With interest rates almost reaching zero, the economy giving away massive amounts of stimulus, and the pandemic reaching its end, we’re now seeing amazing development in the housing market. So what will happen in the next year or two? Experts weigh in and here are their predictions.

This chart from CoreLogic shows that all property markets other than Melbourne have easily gained what was lost in the pandemic. Melbourne is expected to reach the same gains in a matter of a few months.

Source: Corelogic February 1, 2021

Property experts believe that the market will perform very well this year. This has been shown by the increasing customer and business confidence in various states. Corelogic head of research Eliza Owen expects house prices to keep rising in the first half of 2021. Historically low interest rates will cause the surge of house prices to record new highs.

Auction clearance rates have gone up, not just in Sydney and Melbourne, but all around the country. Since there are now more buyers and sellers in the market, transactions have consistently increased. This propelled banks to provide for new business again.

Since the start of the year, we also saw bank loan deferrals falling consistently. The Australian Banking Association shows that deferred loans have plummeted from 493,440 in June to 169,677 in November. This is almost a 70% reduction.

The low-interest rates which will remain low for at least 3 years will give investors and homebuyers confidence. After the pandemic, there will be new jobs that will boost spending and improve the housing market.

Forecasts from economists at investment bank UBS predicted house prices to rise 5 percent to 10 percent this year — with potential gains of up to 10 percent. This is called an “up crash” thanks to the government’s homebuilder subsidy scheme which prompted a spike in construction.

Veteran housing market analyst Louis Christopher predicts that capital city house price will rise 5-9 percent in 2021, with Perth, Sydney, and Adelaide leading the strongest growths.

BIS Oxford Economic chief economist Dr. Sarah Hunter believes that demand shock around reduced migration will make apartments cheaper. The falling interest rates will make everything affordable and will spike transactions.

In the coming years, urbanisation will take a halt, as cities will re-asset their strength. The economy will no longer be boosted by major cities, but by various states in the countries.

With such positive changes in all aspects of the property market, it is best to decide your next investment property move. Contact us here or call us on (02) 8814 5275 to book your complimentary strategy consultation.