Vantage Point

Contrary to indicative inflationary factors, there is evidence for the stability of the real estate market in the West and Australia.

In order to combat rising house prices, drastic efforts have been made to catch up to exorbitant demand.

As house prices around the world continue to trend upward, the effects are being felt not just by home buyers, but also by homebuilders as well, albeit more positively.

This year, in the Economist Intelligence Unit’s ranking of the world’s most liveable cities, Australia and New Zealand take six of the top-10 spots.

Housing markets across the globe, particularly in richer countries, continued to gain, with the OECD's housing unaffordability surpassing 2008's levels, according to Bloomberg.

Investments in sustainable real estate assets have been growing steadily as they are increasingly being viewed as pandemic-resilient with the ability to generate stable returns.

Residential real estate markets in Perth and Singapore continue to heat up with a high demand causing residential property prices to soar to new highs.

Price discounts to some retail and hospitality real estate assets after a year of reduced business activities due to the pandemic has begun attracting fund managers and asset owners in Asia.

According to data from the Urban Redevelopment Authority (URA) in Singapore, new private apartments sales have more than doubled in the past month, and home prices have also been increasing at a rapid rate.

According to Colliers International, a 50 percent surge in investment activity is expected in the second half of 2021, driven by a broad-based renewal of confidence in the property market due to vaccine developments and sustained government stimuli.

The sharp fall in interest rates across Asia Pacific over the last year has created a conducive environment for real estate investments with support for capital values across the region.

Forecasts of house prices in Australia continue to be revised upwards, with the latest forecast by ANZ projecting a 17 per cent increase in 2020, up from 9 per cent previously.

Office occupancy rates in Adelaide were steady at 69 per cent in February, showing support that the office market is slowly regaining its health.