Australia's Real Estate Industry is Expected to be Collectively Driven by Increasing Investor Activities, Changing Lending Practices From Financial Departments and First Time Buyers Polici...
LENDLEASE CORP LTD S/ADR (LLESY)
NASDAQ:AMEX Investor Relations:
lendlease.com/investor-centre
Company Research
Source: PR Newswire
GURUGRAM, India, Sept. 23, 2019 /PRNewswire/ -- Residential real estate sector will continue to see moderate decline in prices as the sector faced oversupply of new residential dwellings in the past. Australians purchased detached one or two storey houses, but this trend is changing as they have shifted their preferences towards luxury living terrace houses and apartment living. The market recorded a CAGR of 2.7% in terms of new residential dwellings supply in the forecast period of 2019-2023. Prime properties at preferred locations are still expected to be the hotspot locations with high asking price. The majority of Australia's housing surplus is situated in the inner-city areas such as Inner Brisbane, Melbourne and Sydney due to recent strong growth in unit developments. The other factors which affect the supply of residential dwellings include ageing population and others.Retail sector within Australia is projected to increase over the next five years (2019-2023) at a positive CAG
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