Friday, September 27, 2013

Lifestyle property markets hangover clearing?

The RP Data Research blog has a post today on emerging activity in lifestyle property markets: Buyers surging back into beach side housing markets

Most of this positive commentary relates to the Gold Coast and Sunshine Coast with some contextual reference also to FNQ:

In a market like Cairns where tourism is the primary economic pillar, housing market conditions are becoming healthier but the volume of home sales remain just less than half of what was being recorded pre-GFC.  Unit prices have worn the brunt of the downturn, having fallen about 25% over the past five years.

Cairns


I'm not sure the rationale presented here for regional differences is quite complete but never mind ....

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