REPOST FROM PROPERTY OBSERVER WEBSITE. AUTHOR: TERRY RYDER. PUBLISHED: 23 JULY 2014
In his latest Ryder Report, regular observer Terry Ryder takes on the so called “national property boom” outlining Australia’s property market is fragmented and various cities are at different stages of the property cycle.
While the other Eastern Seaboard capitals are yet to reach their peak, Ryder says Brisbane is just getting started. “Brisbane is well behind Sydney in the current cycle and is only beginning its upward movement,” says Ryder. He predicts prices will rise this year.
Ryder also notes a continued improvement in consumer sentiment, a lift in home loan lending and an increase in building approvals with Queensland one of just a few States leading the charge.