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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the latest in equities, property investing and super.

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Steve Waters, director of Right Property Group, chats about the subdued April price growth and how prices are predicted to move for the remainder of the year.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about the Biden climate summit and impacts on the Australian sharemarket, as well as the possibility of a carbon border tax and what it means.

And lastly, tax and super guru Timothy Munro gives his thoughts on the overhaul of the superannuation performance test and the upcoming budget.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Early signs point to property market recovery

By Cameron Micallef

July 02 2019
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Invest

Early signs point to property market recovery

By Cameron Micallef
July 02 2019

Lower mortgage rates and improved market sentiment are having a flow-on effect on property markets, as Australia’s two biggest cities, Sydney and Melbourne, show signs of life.

Early signs point to property market recovery

By Cameron Micallef

July 02 2019
Share

Lower mortgage rates and improved market sentiment are having a flow-on effect on property markets, as Australia’s two biggest cities, Sydney and Melbourne, show signs of life.

According to CoreLogic, Sydney dwelling values went up by 0.1 per cent, while Melbourne improved by 0.2 per cent for the month of June.

CoreLogic’s head of research, Tim Lawless, believes confidence has returned to the market since the federal election in May, which saw the Coalition get re-elected and changes to negative gearing abolished.

“Importantly, the improving conditions through to mid-May were largely ‘organic’, pre-dating the positive boost in sentiment following the federal election and interest rate cuts in early June,” said Mr Lawless.

Despite a positive month, Sydney and Melbourne property values have continued to fall – by 9.9 and 9.2 per cent, respectively, for the year. The median property value in Sydney is now $777,693, while in Melbourne, it’s $619,383.

Overall national housing dwellings declined, although it was the smallest month-on-month decline in the national series since March 2018, according to CoreLogic.

Combined, the capitals fell by 0.1 per cent for the month and 8.0 per cent for the year, while regionals fell a further 0.4 per cent for the month and 3.1 per cent annually.

The combined median property price for capital cities is now $590,431, while regionally you can expect to pay around $374,991.

The greatest falls were in the two territories, with Canberra and Darwin falling by 0.9 per cent for the month of June.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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