We now have a new federal government and with that comes change in leadership, policies and the way the country is run. The changing of the guard also comes at an interesting time for our economy and our property markets, with significant change in both since the start of the year. At this stage, we know there will be a number of areas that the new government will focus on when it comes to housing. The first is sustainability, the second is first home buyers and the third is social housing. All areas that need to be addressed as we move forward from the pandemic.
In this month’s Ray White Now, we take a look at the influences on house prices. We’re now in a new cycle and interest rate increases are a key driver of this. Housing markets are, however, more complex than simply moving with interest rates, and the influences are diverse. Australia is also not a uniform single market when it comes to housing and some locations are far more sensitive to rate rises than others.
In keeping with the green theme that characterised a lot of the election debate, we take a look at our most leafy suburbs using some aerial data from Nearmap. Of all capital cities, Brisbane tops the list for tree canopy but the leafiest suburb in our capital cities is Olinda in Melbourne’s outer east. We also do a deep dive into the impact of electric vehicles on commercial property.
We hope you enjoy this month’s Ray White Now and we’re proud to be providing you with relevant, timely and interesting content and data in 2022.