CORONIS BACKS HIA DATA ON "PROPERTY BOOM"

Written on the 14 April 2015

CORONIS BACKS HIA DATA ON "PROPERTY BOOM"

PROPERTY specialist Coronis has welcomed new figures from the Housing Industry Association (HIA) that provides context for talk of a property boom.

The report shows Brisbane housing prices have fallen 12.3 per cent since 2010, but have risen 7.6 per cent since 2005.

Coronis managing director Andrew Coronis says the data has been the most informative in terms of a property boom and the HIA's long-term approach makes sense.

"The alarmist headlines and figures we regularly see in the media just don't paint the full picture, so I am glad to see more reliable data coming out," Coronis says.

"The HIA figures show that we are still experiencing the ripples of the GFC, but prices overall have been rising at a normal rate over the last ten years.

"A 7.6 per cent increase in prices in Brisbane since 2005 is in fact consistent with what we have seen on the market.

"This has implications for investors in particular, who should understand that property is a long-term game.

"It's a sticky, illiquid investment so people need to look at the long-term view to make informed decisions."

Coronis says people must be realistic about the kind of returns their property can achieve, based on their portfolio, situation and personable preferences.


Latest News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

GOODMAN TAKES PROFIT AND REVENUE DECLINE BUT LOOKS TO CASH IN ON AMAZON'S ARRIVAL

Commercial and industrial property group Goodman (ASX: GMG) has reported underlying full year net profit has dropped ...

ARIADNE CUTS DEMANDS FOR FOUR ARDENT BOARD SEATS TO TWO AHEAD OF EGM

REBEL shareholders have reduced their demands on embattled theme parks operator Ardent Leisure (ASX: AAD) to give the...

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

Related News

DARK DAYS AHEAD FOR AUSTRALIAN RETAIL AS REPORT FORECASTS MAJOR INDUSTRY ROUT

ALMOST 1,600 retail businesses are at risk of imminent collapse, including 21 major retailers with turnovers of more ...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter