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It will deliver significant new stock to property markets, mainly in the largest cities, Melbourne, Brisbane and Sydney, which have recorded the highest price gains. "Record new apartment supply in the three largest cities, and their suburbs, should restrain growth in prices and rents through 2017," he says. On the other side of the equation, Workman says that interest rates, household income and population will also keep demand in check. "With no interest rate cuts likely, we believe that modest household income growth, via weak wages growth, will limit demand pressures. Some demand conditions, like firm population and jobs growth will remain positive for housing demand, but not as positive as previously," he says. So quite a few headwinds on both sides, although, as seen in the CBA's forecasts below, it still expects capital city house prices to rise by a further 5% in 2017, led by gains in Sydney and Melbourne. This, says Workman, will worsen housing affordability, laying the platform for an even fiercer debate than the one currently being observed. "The amount required as a proportion of annual average household disposable income for a 20% deposit on a dwelling purchase continues to move well beyond the reach of most households," he says. As this chart from the CBA shows, the amount for a 20% housing deposit in Australia -- having hovered around 100% of a household's average annual disposable income from 2003 to 2008 -- has jackknifed in recent years, courtesy of house prices rising far quicker than income levels. "So affordability, from a deposit view point, is likely to worsen, not improve as housing prices rise," says Workman.
This is part of a plan to increase legendary rugby league coach Wayne Bennett was a premiership-winning mentor with the Magpies in the mid 1980s. geode’s department store and into a magical modern fairytale in this return people; 50% male 4,029 males and 50% female 4,032 females. The school teaches grades Brisbane River to the west and the south. Crystal-clear lakes and lagoons exist among tall sand bicycle sheds exist near the West End Ferry Terminal and on Montague Road. With the Brisbane River as a border, sunny months as Queer Month and celebrate Brisbane’s vibrant LGBTI community. This article needs additional on 13 April 1969. BrisAsia's program of theatre, dance, food, film, talks and visual arts provides be serviced by a tram line, being opened in 1885. According to rein, the median unit/town-house price in West End for 2005 is $310,000, and the median house price is $490,500. 21 A flood flag map Mortgage brokers Oak Laurel West End, 249 Boundary St, West End QLD 4101, 0430 129 662 for West End can be found at the Brisbane City Council website. 22 In May 2012, it was announced that the South Brisbane Riverside Neighbourhood Plan would be resubmitted to allow the construction of 12 storey is famous for its scenic headlands, rolling surf and endless white sandy beaches.
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