Quick Snips January

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QUICK SNIPS

We had a pretty good presentation from local valuers Herron Todd White today that I thought would be worth passing on a few of the highlights to you. I have attached their latest property clock and where they think we are sitting in this current cycle. The clock shows us as approaching the peak of this current market cycle. Don’t be too concerned as they have had us in this position since early last year and in their own opinion they may have pushed that button too early. In their opinion we still have possibly another 12-18 months to run in this current cycle and following on the Sydney cycle as a guide that could still be a tad conservative. We are still in a market with low stock levels and rising prices and migration numbers are very strong. The Sunshine Coast is considered number 1 destination in the country right now. Whilst we have the airport and CBD major projects on our doorstep they see the connection to the submarine international broadband cable as the next big game changer for the Sunshine Coast. More should be known on the progress with this project hopefully by the middle of this year. If anyone is interested in the HTW review in more detail please go to www.htw.com.au/monthinreview/

 

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