January Newsletter – Predictions For 2016
Welcome to the first Vision Property & Finance eNewsletter for 2016!
Our Directors share their predictions for 2016
“Overall Australia will have slower growth driven by a slowdown in the Sydney and Melbourne markets. SE Qld is set to the lead the way in housing with strong growth predicted and will be closely followed by the Newcastle region. Perth, Darwin and Adelaide I anticipate to be flat or it may even come off 1- 3 % over 2016.”
“My investment property market predictions for 2016 are that we will see rental yields slowly improve over the course of the year and vacancy rates continue to be quite low in most major areas.”
House prices, interest rates: Economists make their 2016 predictions
The Reserve Bank is set to leave interest rates on hold for the rest of this year and for all of 2016, say Australia’s leading financial market forecasters.
The central forecast of the Australian Business Economists executive is for a gradual lift in economic growth from 2.3 per cent this year to 2.7 per cent in 2016 to 3 per cent in 2017.2
But the range of forecasts is unusually wide.