Capspace Managing Director, Tim Keith, provides his insights on the property market and why it's important for investors to diversify their portfolios in today's market landscape in this Money Magazine article.
Growth in house prices in Australian capital cities could accelerate in the second half of 2024 and in 2025, with the housing shortage likely to worsen as population growth feeds demand for housing and supply not keeping up, underpinning further gains in property prices and rents.
The probability of price rises for houses and units is high in Melbourne, Sydney and Brisbane as housing moves further into undersupply over the next 24 months.
Research conducted by Performance Property for Capspace reveals the extent of the ongoing housing shortage, with evidence of supply chain problems and the high cost of construction limiting the creation of new housing, meaning the unit and housing markets continues to be in an undersupplied position.
Read the Money Magazine article
Other publications Capspace has been featured in on the property market:
- MPA Magazine: House prices to rise further amid housing shortage, Capspace warns
- Adviser Voice: Property prices likely to gain momentum with housing shortage to worsen
- Architecture and Design: House prices to rise as supply fails to meet demand
- Broker News: April dwelling approvals decline slightly
- Property Buzz: Housing shortage expected to drive property prices higher in Sydney, Melbourne and Sydney
