As today’s Baby Boomers approach retirement, their needs change and so too should their living accommodation requirements.
Archive for July 2012
Generally, tight rental markets across the country (averaging 1.8% vacancy across the eight capital cities), will see steady, if not tightening, vacancy rates, which will continue to put pressure on weekly rentals, forcing rent prices upwards for many areas.
Despite a more stable start to 2012, national home values declined cumulatively, by 2.2%, for the first five months of the year – bringing overall values down by 5.3% over the 12-month perio
Across Australia, investor activity is anticipated to increase as this market sector capitalises on great buying opportunities, particularly in Melbourne and Brisbane – which historically over the long term, have both been consistent growth performers. South Australia is also predicting strong growth in investor activity.
Australia’s property market is showing signs of stabilising and potentially strengthening, although it is expected to remain relative soft for the remainder of 2012.
First National’s state chairs are unanimous in their view that the Federal Government is not doing a good job managing our economy. However, there is a general feeling that even in the light of this, the economy will stand up to global economic uncertainty, given our growing strength and importance to the stronger performing ‘Chindia’.
In the light of the doom and gloom in global economies and the effect on the market here in Australia, the domestic property market is holding up quite well and the second half of 2012 should see things stabilise further, if not slightly improve.
The Australian property market is set to improve in the second half of 2012, with signs emerging that it may already be on the upswing in many states. However, any recovery is expected to be gradual, according to the First National Real Estate 2012 Property Market Outlook Mid-Year Update.
Australians are sitting on some potentially valuable property that is not realising its value according to First National Real Estate. The recent Census included lots of interesting information, but the big surprise was the increase in the number of empty homes in Australia.
Winter’s a great time to be out and about, shopping for property.
As a buyer, you gain a clear sense of how every property looks when the garden’s in hibernation and the sun is low in the sky. Plus, you know that home sellers offering their property for sale in winter are serious about selling, not just ‘testing the market’.