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Property Drivers Change in 2016

By madhu on February 29, 2016
In its latest Property Insights report, CBA noted that the residential property cycle will ease in 2016 while commercial real estate will improve, with each market at a different point of recovery.

In its latest Property Insights report, CBA noted that the residential property cycle will ease in 2016 while commercial real estate will improve, with each market at a different point of recovery.

Apartment development is likely to slow this year because approvals fell in 2015. This typically signifies that new construction activity will ease within six to 12 months.

The report says 2016 is expected to be a volatile year and one underpinned by an acceleration of change to property drivers.

As the residential sector unwinds, fewer projects will commence and some approved developments will not proceed. Owners may choose to sell those sites, providing an opportunity for others to develop them in ways more aligned to the changing demand-side conditions of 2016.

For further information on what's to come property wise in 2016, please feel free contact Madhu today on 0425 341 086 or financeandmortgage@gmail.com.

 

Article written by madhu

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