16. February 2012 17:58
According to Rismark’s Christopher Joye, “We are counting almost 300,000 homes advertised for sale across Australia, which is more than 30% higher than the same time last year.” The large of number of properties available for sale implies buyers will continue to hold the balance-of-power at the negotiation table. Australia’s housing market may be starting soft and turn the corner. Nowadays, vacancy is tight and rents growth is now accelerating. Because of the trade and home buyers entered into the market, sales volume improved with reasonable price. Consumers’ confidence is more optimistic now compared last year and consumer still hoping that there will be interest rate cut. Indeed, property market looks positively competitive and strong that makes extreme volatility.