1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Favourable property investment conditions need to be upheld

February 16, 2012

There have been positive developments in the residential property industry lately with interest rates falling and demand increasing.

However, an expert from Master Builders Australia stresses that favourable conditions need to be upheld to have a real impact.

Chief economist Peter Jones was pleased with recent financial statistics from November and December, noting a 2.1 per cent increase in investment loans and an increase in construction-related lends but stressed that, "the Reserve Bank still needs to do more to boost confidence and maintain a sustainable recovery in residential building."

Last week, economists were disappointed with the Reserve Bank of Australia's decision to hold cash rates at 4.25 per cent. Many industry insiders were expecting a cut, including the Real Estate Institute of Queensland.

Chief executive officer of the REIQ Anton Kardash mentioned the struggle of small businesses and had similar sentiments to Mr Jones. "You cannot overestimate how important confidence is to the overall health of our economy," he said.

Mr Jones referred to better numbers in the past, but remained confident in the encouraging conditions stating that "the housing market is beginning to pick itself off the floor".



Related Articles

Things to look for when renting

Looking for a rental property to call home? There are some important things to keep in mind to ...
read more

Bright tips for lighting rooms

Your residential property is a place you can relax at the end of the day and entertain friends, so ...
read more

Garden trends in bloom

Whether you're a first time buyer or are looking to spruce up your existing home, a beautiful ...
read more

Latest Articles

Is it time for a change?

Is your current home not quite right for your needs? Whatever the reason, you might sell your ...
read more

Growing home lending figures in Western Australia highlight construction rise

Anyone interested in buying land in Western Australia and building their own residential property ...
read more

Calls to keep stamp duty exemption for first home buyers in Western Australia continue

The Real Estate Institute of Western Australia (REIWA) has stood up or the rights of first home ...
read more