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Stockland bets on Brisbane market
Property giant Stockland is betting on Brisbane being the place to be for the next few years as Sydney and Melbourne's booming markets finally come off the boil. Chief executive Mark Steinert says that after years of lagging behind its southern counterparts, the Brisbane market is primed for stronger growth. "Brisbane has got high affordability and is showing the largest spread between house prices relative to Sydney that's been recorded in history," he said. Full investment news article
Mortgage Choice expects home loan growth
Mortgage Choice expects booming demand for home loans in Sydney and Melbourne to continue despite recent efforts to put the brakes on investor lending. The mortgage broker's loan book grew to a record $49.5 billion in the year to June, and has forecast further solid growth as home loan approvals and settlements rise in number. "It's still a significant market out there and demand is demand," chief executive John Flavell said. Full investment news article