Property Analyst Michael Matusik believes the Sunshine Coast is at 7am on the property clock.
Operating ‘on the ground’ we have detailed to you how rentals are in scarce supply, with sales stock tightening and we are just now starting to see prices rising, so we agree!
Not surprisingly Mr Matusik points to the expanding health industry on the coast increasing employment and incomes as the first measure.
The second measure is housing supply, Matusik believes that although the supply has increased we are still running at around 25% behind. This is great news for developers who had been stagnant during, and a long time after, the GFC.
In his wrap up Mr Matusik said the Australia property market will be rockier than the past 15 years, but interest rates should remain low as the economy is doing it tougher.