21. January 2012 18:44
This past years Sydney residential property market is the least volatile and Perth had sharper and shorter price rises. Residential Property market are not stable, sometimes things are going to get better or going to get worse. Industry specialists are surprisingly confident of a strong and robust year this year.
According to Senior Economist at Research House Australia property monitors, “The best bets for 2012 are Perth followed by Brisbane. Sydney is solid as a rock. But don’t expect much in Melbourne ‘til the third of fourth quarter.” Based on the date, Perth and Sydney are the two states will perform strong and competing in 2012. It will get better if the interest rate will cut soon because if interest rates cut, more people will seek and eager to buy a house. People are very optimistic about this data because of the mining boom and expected the price growth will increase and tighten the pressure.
11. January 2012 20:52
According to a Leading Real Estate Group, “property values in Sydney and Perth will rise as investors enter the market and many suburbs have been tipped for growth.” The real estate in Sydney and Perth will rise by up to 5% this year. Sales in Sydney are expecting to increase in the 2nd quarter this year and the investment activity is predicted to start in the inner suburb of Sydney. In Perth, Cannington, Kenwick and Kelmscott, there are the Perth suburbs are expected to investment activity and more investors are expected to enter the market. Price will be the driver for buyers considering Sydney investment opportunities where investors and homebuyers will be competing head to head. But still there are some opportunities for investors and homebuyers outside of Sydney and Perth especially suburbs that have an easy access of transportation and those who are near in the airport.