Post a Comment On: Brisbane Apartment

RP Data reports the following:

Mortgage demand has started to level recently
The RP Data Mortgage Index (RMI) shows that mortgage demand has begun to level over the past couple of months. ABS housing finance data shows a similar trend with the market largely driven by upgraders and investors. Economic data flows remains mixed
Population growth is winding down but remains high on an historic basis. Dwelling approvals have shifted much higher over the past year and are at their highest ever level on an annual basis. With population growth slowing and building approvals remaining high (despite the recent fall) we may see a better relationship between approvals and population growth over the coming years. Consumer sentiment has been weak since the Federal Budget but is slowly increasing. The unemployment rate has hit 6.4% with employment growth quite slow. Mortgage rates remain low with banks competing hard for their share of the home loan business. [Image]