Quarterly Market Update – December 2016
We have made several changes to our property sector ratings and trends since last quarter and most are positive as detailed in our individual sector comments. As a result, we now have six markets that are Strong or Good, and seven that Weak. Sydney and Melbourne Residential trends are Stable with Strong ratings and five of six of the rest of their sectors are Improving. This compares to Perth and Adelaide which have eleven ratings of Weak and/or Deteriorating. The hope for some improvement in this regional disparity may be in improving commodity prices which would be a welcome relief for many of our resource based industries.