I came across this article on Australian Property Investor which I'm sure investor's and home owners will be Happy with!
House price growth is expected to continue well into 2010, according to Australian Property Monitors.
National values are already exceeding pre-global financial crisis levels by nearly three per cent and they’ll keep growing in the new year.
Rising interest rates aren't expected to have an impact on prices until either late 2010 or early 2011 and the phasing out of the First Home Owners Boost has had little effect on the lower end of the market.
Australian Property Monitors' Matthew Bell says there are affordable options around Australia for potential buyers.
"If you're looking to enter the market, participate in the national recovery and get the best 'bang for your buck', Brisbane and Perth are the places to be looking," he suggests.
"Queensland and Western Australia's increased exposure to the downturns in both the resource and tourism sectors has meant that price recovery for both houses and units has trailed other states."
"However, it's important to move now, as prices are likely to recover in early 2010."
"There are also opportunities in regions of Sydney and Melbourne where prices still remain under late 2007 levels even after the strong growth of the last six months."
This information was gathered from:
http://www.apimagazine.com.au/api-online/news/2009/12/property-investors-can-look-forward-to-price-growth
Thinking of buying or selling in Nedlands? Call me anytime.
No comments:
Post a Comment