Reading one of the property blogs (property observer) I came across an article by Terry Ryder. Full article on their site here http://tinyurl.com/bm9k6ql . Terry makes the argument that there will be growth in prices in Australia markets in 2013 and that the relative value of our markets to world property prices does not mean we are in for a correction. There have been a few print based things going around with a similar argument – API was one (from memory).
The thing is I can't help but agree with the author. To be honest it has be a long time since I have felt positivity like this about certain indicators that are important to me. However, generally the people who I like to speak with about these things could be split down the middle with strong arguments on both sides.
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
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I thought you meant Terry W
RPI | Certus Legal Group / PRO Town Planners
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Our inquiry level is through the roof in the planning practice compared to this time last year, and real estate agents I talk to are busy.
How this pans out is more for the Terry's of the world
D
RPI | Certus Legal Group / PRO Town Planners
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I would agree I think that the markets will improve across Australia however I can see big improvements in Brisbane. I have felt that the market is 10% under where it should be. The market is lower in Brisbane has had more to do with confidence than anything else. So as confidence improves we see demand increasing. Thats why I like inner city Brisbane
Nigel Kibel | Property Know How
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Good points to both Nigel and RPI,
Demand for property has increased over the last month, Demand is always good and i think allot of investors are leaving 2012 behind and starting with a fresh outlook for 2013.
Prices may remain the same for a year or two but hopefully with enough friction prices will increases as well.
The beautifull thing of the current market is this, with interest rates so low why would you want to leave money in bank?
Their are great buys, and even the share market has been picking up as well.
thanks to yellow brick road shares, I have almost a deposit for another IP without using allot of my savings to reach this goal lol
Jpcashflow | JP Financial Group
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I agree. It’s good to read some positive comments rather than all the doom and gloom crap.
The reality is that rents are still going up and the prices have got to catch up at some stage.
Hopefully we will all be in a great financial position over the next few years, while all those negative people talk about how they should have bought some property instead of putting it in some savings account getting a 3% and paying tax on it!
Great rates, great prices and great yields… Buy in Bris Vegas!
I must admit – the number of enquiries and investor deals that I've been processing since Christmas is the highest it's been in the last 4 years for the December/January holiday period and other brokers I know have made similar comments.
Historically, it's supposed to be a bit of a quieter time but not this year. I can only assume it's a good sign.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
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Perhaps people are just a bit fed up with having been on standby for so long, waiting for the promised doom and gloom, that they got bored of waiting, and decided to get on with their lives.
Jacqui Middleton | Middleton Buyers Advocates
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I think that in Brisbane it has been flat for a long time due to a lack of confidence. With a new government taking action and changing some of the planning laws I think we will see a boom in Brisbane over the next few years.
Even if I am right about the market being undervalued by 10% if it jumps by only that amount in the next 2 years still well worth buying in inner city Brisbane.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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