www.wilsonfinancial.com.au
  • About Us
    • Why Use Us?
    • Testimonials
    • In The Community >
      • FOWAS Dog Training
      • 2024 Southern Highlands Biggest Bake Off
      • 2023-southern-highlands-biggest-bake-off
    • Our Team
    • Enquiries
    • Privacy Statement
  • Home Loans
    • Investment Loans
    • Calculators >
      • Stamp Duty Calculator
      • Income Tax Calculator
      • Borrowing Power Calculator
      • Budget Planner
      • Extra Repayment Calculator
      • Home Loan Offset Calculator
      • Property Selling Cost Calculator
      • Property Buying Costs Calculator
      • Hardship Contact Lines - Mortgages
      • Hardship Contact Lines - Equipment
    • Aussie Expats and Foreign Investors
    • Deposit Bonds
    • Medical Professionals
  • Cars & Equipment
    • Car, Truck and Equipment Finance
    • Get A Quote
    • Car Buying Service
    • Car Loan Application Online
    • Solar Finance
    • Car Buyers Guide
  • Financial Planning
  • General Insurance
  • Blog
  • Contacts
  • Vacancies
  • More
    • MyConnect
    • Resources
    • Newsletter Sign Up
    • Topic Sheet Library
    • Privacy Policy
    • Feedback
    • Glossary of Terms
  • Contact Us

Outlook for the New Financial Year

8/7/2015

0 Comments

 

As we welcome in a new financial year we thought it was time to take a look at what the experts are forecasting for the year ahead.

Overall, the economy is likely to have posted below-average growth of 2.5 per cent in 2014/15 though CommSec expects the record economic expansion to continue in 2015/16 with growth lifting to around 3.0 per cent.

For the second consecutive year, residential property, shares and bonds all increased over 2014/15 – widely considered a rare event. Returns on dwellings grew by around 13.3%. Sydney has been the market leader in growth, followed by Melbourne.

According to Corelogic RP Data, national market research experts, mortgage rates are expected to remain low. Obtaining a mortgage may become more difficult however as lenders make changes to lending policies which we have already seen. Lenders are lowering discounts and increasing deposits required for investment lending. The lenders measure for living expenses is going up, and the buffers used for existing and new debt has crept up also. We expect to see more of this from more lenders in the new financial year.

RP Data has forecast that the property market growth is expected to continue with of slower growth later in the year, as supply continues to trend beyond current record highs.

Other property markets in Australia are beginning to see the first signs of growth. Newcastle and Wollongong are both currently benefiting from their proximity to Sydney.

Sectors of the market in Brisbane, The Goldcoast and Sunshine Coast are also showing positive indicators for growth. RP Data suggest affordability in the Sydney and Melbourne markets may drive more buyers to these areas.

A decline in both the Perth and Darwin property markets has been linked to the resource sector. Key indicators in these markets include slowing value growth or falling home values, decreasing rental rates, declining sales and marked increase in the level of discounting to attract buyers.

RP Data concluded a mixture of market conditions across the country for this financial year. Sydney and Melbourne have been touted to continue as market leaders.


0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Liz Wilson has been working in finance for twenty two years now. She regularly blogs on industry topics and here you will find over a hundred personally written blog topics and case studies...

    Picture

    Archives

    June 2023
    March 2023
    July 2022
    November 2021
    July 2021
    June 2021
    September 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    June 2019
    February 2018
    July 2017
    April 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    August 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    February 2013
    January 2013
    November 2012

    Categories

    All
    Extra Wierd
    Fun
    General
    Home Loan Features
    Industry News
    Kiva
    Lending
    Mortgage Broking
    Statistics
    Useful
    Wierd

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • About Us
    • Why Use Us?
    • Testimonials
    • In The Community >
      • FOWAS Dog Training
      • 2024 Southern Highlands Biggest Bake Off
      • 2023-southern-highlands-biggest-bake-off
    • Our Team
    • Enquiries
    • Privacy Statement
  • Home Loans
    • Investment Loans
    • Calculators >
      • Stamp Duty Calculator
      • Income Tax Calculator
      • Borrowing Power Calculator
      • Budget Planner
      • Extra Repayment Calculator
      • Home Loan Offset Calculator
      • Property Selling Cost Calculator
      • Property Buying Costs Calculator
      • Hardship Contact Lines - Mortgages
      • Hardship Contact Lines - Equipment
    • Aussie Expats and Foreign Investors
    • Deposit Bonds
    • Medical Professionals
  • Cars & Equipment
    • Car, Truck and Equipment Finance
    • Get A Quote
    • Car Buying Service
    • Car Loan Application Online
    • Solar Finance
    • Car Buyers Guide
  • Financial Planning
  • General Insurance
  • Blog
  • Contacts
  • Vacancies
  • More
    • MyConnect
    • Resources
    • Newsletter Sign Up
    • Topic Sheet Library
    • Privacy Policy
    • Feedback
    • Glossary of Terms
  • Contact Us