Top brokers bucking housing trend

by BN24 Oct 2011

Pockets of Australia's housing market are bucking the national trend, with demand holding up strongly, top brokers have claimed.

MPA Top 100 Brokers Jeremy Fisher of 1st Street Home Loans and Justin Doobov of Intelligent Finance both work in Sydney's Eastern Suburbs, where they say demand has remained strong in the midst of sluggish home loan growth throughout much of the country.

"The majority of my clients are in the Eastern Suburbs of Sydney and the North Shore, but I do see clients from all of Sydney and interstate. The Eastern Suburbs market has held up exceptionally well and remained buoyant and active throughout the past year," Fisher said.

Doobov commented that his business has been able to see robust volumes by targeting specific market segments.

"We cover many segments, but mainly professionals and self-employed clients on high incomes looking to buy or refinance a residential or commercial property," he said.

Likewise, MPA Top 100 Broker Ruan Burger of Home Loans, Etc. in Gladstone has told Australian BrokerNews he has managed to see good returns in the city as demand trends above the rest of the state due to the resources boom. However, Burger said demand has begun to slow in Gladstone.

"Things are good here [Gladstone in Queensland]., but talking to a few agents, things have slowed down as stock is more limited, and the demand is in the lower brackets," he commented.