Six months ago when I caught up with Leigh Warner the big issue was the decline in foreign buyer due to extra taxes and the difficulty for them to obtain finance.
Now in February 2019 we are talking about the challenges for pretty much everyone getting finance.
The impact of the Royal Commission into the financial services sector and the resultant self imposed or regulated measure have had a significant impact on the apartment market. In some ways the tighter lending market has been the impetus to a correct a market that has enjoyed several decades of solid growth.
Leigh Warner is the National Director for Residential Research at Jones Lang Lasalle and has just released his findings on the residential apartment market for the major capital cities in Australia. Listen in as Leigh reviews what is going on in each capital city market and what is in stall for 2019 and beyond.
If you would like to read the full research papers for each state you can download them here.
Brisbane Residential Market – Research Paper
Sydney Residential Market – Research Paper
Melbourne Residential Market – Research Paper
Adelaide Residential Market – Research Paper
Perth Residential Market – Research Paper