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

Property News

Residential property prices tipped to stabilise over 2012

January 04, 2012

A number of key factors came together at the end of 2011 to give residential property markets a small boost, but some experts have tipped that real estate values will simply remain stable for the start of the new year.

According to CommSec economist Craig James, the recent positive shift in housing markets recorded by the RPData-Rismark index for November could indicate that "home prices are flattening or close to flattening".

Writing for Property Observer on January 3, James asserted that the "small increase" registered over November in 2011 proved the local markets were quite resilient, despite the past 11 months of sluggish growth.

James said: "CommSec expects Australian property prices to grow around 5% in 2012, but as always there will be major deviations from city to city and across regional areas."

The economist noted that the basis for the prediction rested on key areas such as a strong job market and two previous rate cuts.

"If you had been thinking about purchasing an investment property, now is the time to get your homework and paperwork in order," said James.

"Certainly other asset markets don't offer the same attraction as residential property."

Related Articles

Former industrial precincts to become residential hubs

The New South Wales government has announced plans to turn two former industrial areas in north ...
read more

Perth city budget raises fees but aims to revitalise city

The City of Perth budget for 2014/15 was passed on June 25, setting the stage for the ...
read more

Plans in motion for 'Brisbane's backyard'

Walkabout Creek will see a $2.5 million investment from the Queensland government, according ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more