{"id":27997,"date":"2020-10-03T10:45:32","date_gmt":"2020-10-02T21:45:32","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27997"},"modified":"2020-10-03T10:45:32","modified_gmt":"2020-10-02T21:45:32","slug":"australias-property-market-looks-set-to-be-boosted-by-low-interest-rates","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australias-property-market-looks-set-to-be-boosted-by-low-interest-rates\/","title":{"rendered":"Australia\u2019s property market looks set to be boosted by low interest rates"},"content":{"rendered":"<p><strong>PHOTO: Australia&#8217;s property market is forecast to pick up steam by the second half of next year. Pic: Up (2009), Walt Disney.<\/strong><\/p>\n<ul>\n<li>Property prices in Australian capital cities are expected to diverge in the months ahead<\/li>\n<li>But analysts say rock bottom interest rates should support the market into the second half of 2021<\/li>\n<\/ul>\n<p>Australia\u2019s property market is starting to find some momentum, according to the latest monthly price report from CoreLogic.<\/p>\n<p>The pace of decline in Australia\u2019s biggest market slowed, as Sydney house prices edged lower by 0.3 per cent in September.<\/p>\n<p>Still feeling the drag from lockdowns, Melbourne prices fell by 0.9 per cent in September and have now dropped by 5.5 per cent since March.<\/p>\n<p>But there were monthly gains across the other capitals, ranging from 0.2 per cent in Perth to a 1.6 per cent rise in Darwin.<\/p>\n<p>The monthly result marks something of a turnaround in the two-speed housing market which prevailed for much of the last decade.<\/p>\n<p>During that time, prices in Sydney and Melbourne doubled while property gains in most other capitals struggled to increase beyond the rate of inflation.<\/p>\n<p>CoreLogic\u2019s head of research Tim Lawless said the outperformance of smaller capital cities was in line with the fact that those jurisdictions had also had more success controlling the COVID-19 virus.<\/p>\n<p>He also highlighted a shift in demand towards regional areas, particularly if they\u2019re within commuting distance of larger cities<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/stockhead.com.au\/news\/australias-property-market-looks-set-to-be-boosted-by-low-interest-rates\/\">STOCKHEAD<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"\u2018Family man\u2019 and top-performing agent Evan Williams to join Ray White TRG\" 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":27998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478098521,478101855,478098892,478108952,478098566,478098562,478098542,478098519,478098535,478098522,478103299,478098537,478098543,478098513,478101743,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478103816],"class_list":["entry","author-data123nz","post-27997","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australians","tag-australias-property-market","tag-corelogic","tag-covid-19","tag-first-home-buyers","tag-foreign-buyers","tag-home-loans","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-low-interest-rates","tag-melbourne","tag-mortgages","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-tim-lawless"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia\u2019s property market looks set to be boosted by low interest rates - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/australias-property-market-looks-set-to-be-boosted-by-low-interest-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia\u2019s property market looks set to be boosted by low interest rates - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Australia&#8217;s property market is forecast to pick up steamRead More &rarr;\" \/>\n<meta property=\"og:url\" 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