David Johnston- The Property Planner’s Golden nugget: We know that positive housing stories are playing out in the US, UK, Canada and NZ where values are increasing.
- UK – The average price of a home rose 1.6% in August from July. This is up 5.2% from a year earlier, the fastest annual rate since late 2016.
- US – house price index increase of 1% in September and 0.9% in August
- Canada – rose 0.5 percent in August 2020, following a 0.4 percent increase in the previous month and above market expectations of a 0.3 percent gain.
- NZ – increase of 0.9% in June, 2% in July and 1.9% in August.
We know this is a phenomenon happening in other countries around the world, everyone has revised their predictions to 5% drop in values, and expect increase of 15%, just further evidence of what we’re talking about here.
Cate Bakos – The Property Buyer’s Golden nugget: reading RBA meeting minutes carefully, picking a reliable journalist, that will give you a really good insight into what the leading professionals in the country are bracing themselves for.