‘Solid demand’ for real estate nationally despite Melbourne softening
Australian residential real estate has come a long way since the dark days of March and April with Philip Ryan, Managing Director of Trilogy Funds, bullish on clearance rates as RBA easing and stimulus packages move through the market.
If you were a developer looking at this year, I think the biggest focus you would have is ‘can I sell the stock once I’ve built it?’ Can I actually get pre-sales?
Ryan points to consumer confidence reports, which suggest a return to normality in most residential property regions. The only outlier he sees is the slow processing of loan applications by banks, with funding approval dragging out to 60 days in many cases.
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