Interest rates are still more likely to go up email list than down and lenders are reluctant to provide housing finance into a first home buyer market which they perceive as having the greatest risk. The brakes have been applied to prices in traditional first home owner occupier markets such email list as lower priced houses in new outer suburbs and the more affordable email list new unit developments along suburban growth corridors. These new householder email lists will be renters for some years yet, until some fundamental changes occur to their purchasing ability.
Living in group, share and multi-income households gives Gen Ys the email list opportunity to rent dwellings which they cannot hope to buy. They favour well-appointed units located near their places of employment, recreation and email list relaxation, and as their numbers grow, the demand for inner city and inner suburban unit rentals in our major population centres will email list continue to rise.
Due to this rise in demand, we can expect rents in such markets to grow over the next few years and the resultant high rental yields will then email list generate further investor interest, leading to price growth. These may well prove to be the best investment prospects in capital city markets over the short term. The impact of overseas migration on our housing markets Of the 150,000 new households created in Australia last year, around 90,000 were new migrant family arrivals.