Property Update By Macquarie Group | LPI

Property Update By Macquarie Group

Key points from Macquarie Group

1. Before Covid: strong growth in house prices – particularly Sydney and Melbourne

2. After Covid: listing numbers fell sharply but now back to average levels of last year

3. Rising unemployment and reduced migration – affecting demand for rental properties

4. Mortgage rates down and affordability up

5. Macquarie predicts current interest rates should continue for two to three years

6. Dwelling prices have fallen only 2% – 4% depending on area of Australia. This is a mild fall under the circumstances

7. Macquarie predicts that the government would intervene if dwelling values were to fall by more than 10%

8. Long term impact of Covid: Events like Covid accelerate existing trends, e.g. a shift to cheaper regional areas aided by the ability to work from home

9. Commercial real estate: trend acceleration – growth in ecommerce at expense of retail. Growth in logistics real estate


Subscribe to the Legal Practice Intelligence fortnightly eBulletin. Follow the links to access more articles related to the business of law and legal technology.    

Disclaimer:  The views and opinions expressed in this article do not necessarily reflect the official policy or position of Novum Learning or Legal Practice Intelligence (LPI). While every attempt has been made to ensure that the information in this article has been obtained from reliable sources, neither Novum Learning or LPI nor the author is responsible for any errors or omissions, or for the results obtained from the use of this information, as the content published here is for information purposes only. The article does not constitute a comprehensive or complete statement of the matters discussed or the law relating thereto and does not constitute professional and/or financial advice.

Back to blog