At present, some small but stable capital cities are facing a shortage of housing due to increased demand. Suburban homeowners, which are popular among first home buyers, are expected to take advantage.
First home buyers are the driving force of the current property market, accounting for more than one-third of the market share. New data from the realestate portal realestate.com.au, compared with the number of properties for sale in the same period last year, shows that Caboolture in Brisbane North is currently the region with the largest housing gap in Australia.
The housing prices here are relatively low, attracting a large number of potential buyers to consult. REA chief economist Nerida Conisbee said that the main thread running through the list of popular suburbs is to have low-priced second-hand houses and new homes. “First home buyers are very active at the moment,” she said. “They have received a preferential policy of 5% down payment, many incentives from the state government, record low interest rates, and loan conditions have been relaxed, so there is a lot of help which leads to some more popular There is a shortage of housing in the area.”
As of November, housing prices in all state capitals have been rising. The unit market has not seen such a rise.
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