Occupancy Shares Increase in Sydney Could Reach 8% By 2018
By : Ridwan And Aldi Firhand. A | Monday, December 04 2017 - 19:55 IWST

Crown Group CEO, Iwan Sunito (Foto Ridwan)
INDUSTRY.co.id - Jakarta - SQM Research Director Louis Christopher, described as "the most accurate forecaster in Australia" said that he disagrees with flat growth forecasts and believes that the average residential price in Sydney will increase by 4-8 percent by 2018.
SQM Research is a respected Australian research organization, specializing in providing valuations and data across all classes capable of precisely predicting pricing mechanisms in the past.
As is known, by 2015, the Australian Prudential Regulatory Authority forced banks to restrict their lending to investors, a move that was again made earlier this year.
"Banks should lower their investors' loan amount to no more than 10 percent of their total loans per year," Christopher said.
He added, when the Bank opened their loan book in 2016, the market began to accelerate. "We believe that the situation of banks is currently below that threshold and is in a position to reopen their loan book in 2018 and the market will start to rise again," he explained.
The latest monetary report from the Central Bank on November 10 anticipates economic growth of only 3.25%, thus prompting expectations of a new rate hike to occur by the end of 2019.
Meanwhile, McGrath Estate Agents founder, John McGrath, also anticipates a good normal market in 2018. "The Manhattan Effect, people today want to stay closer to the middle of town, that's the key," he said.
McGrath also anticipates the harbor and coastal areas to have a good performance. "Anywhere near the waterway will continue to outperform the market," McGrath said.
Another real benefit for buyers in 2018 is a low interest rate policy that is very likely to continue.
Commenting on the analysis, Crown Group CEO Iwan Sunito said that forecasts for 2018 show how solid the Sydney property market is in Asia.
"Overseas buyers and investors, especially from Asia, always see Australia, especially Sydney as a haven for their investment in this region," said Iwan Sunito through his official statement in Jakarta on Monday (4/12/2017).
He added that the 4-8% price increase predicted for 2018 is a valid proof that the property market in Sydney is still strong.
"It's true, we achieved the highest price growth in 2015, but most importantly the market continues to respond positively every year, the policy of Australian Reverse Bank with low interest that gives us confidence in the market," Iwan Sunito concluded.
Read Also
PropertyGuru Beats Prospectus Forecast In 2019 and Delivers 24% Revenue…
2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia…
Adhi Commuter Property Working on the LRT Market
The Concrete and Construction Industry Exhibition in Southeast Asia…
Moving Property Industry, Waskita Karya Realty Explores Bali
Today's Industry

Selasa, 20 April 2021 - 21:00 WIB
Vaccination Can Rebuild Creative Economy: Tourism Minister
Minister of Tourism and Creative Economy Sandiaga Uno has expressed optimism that vaccination program for creative economy actors will boost productivity and rebuild creative economy sector.

Selasa, 20 April 2021 - 20:40 WIB
Health Minister: Stay Vigilant, Disciplined in Observing Health Protocols
Minister of Health Budi Gunadi Sadikin Monday (19/04) inspected vaccination for artists and cultural practitioners at the Indonesia National Gallery in Central Jakarta along with President Joko…

Selasa, 20 April 2021 - 20:05 WIB
Gov’t to Boost Community Economy through Religious Festivity Allowance, Social Protection
The Government has announced that it will continue to maintain the balance of COVID-19 handling and national economic recovery, including during the holy month of Ramadan and Eid Al-Fitr 1442…

Selasa, 20 April 2021 - 19:55 WIB
Despite Vaccination, Stay Disciplined in Observing Health Protocols: Health Minister
Indonesia can learn from India on why the number of COVID-19 cases is rising despite successful vaccination there, according to Minister of Health Budi G. Sadikin.

Selasa, 20 April 2021 - 19:15 WIB
Gov’t Extends Micro-Scale Restrictions to 3 May
The activity restrictions (PPKM) and micro-based activity restrictions (PPKM Mikro) policies that have been implemented since last January have been effective in controlling the spread of COVID-19,…
News Comment