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June 2013 Update

19 Jun 2013 coolangatta 0 Comment

The Property Council/ANZ Property Industry Confidence
Survey from the last quarter has revealed a renewed optimism
throughout much of the country. The survey, which has been
conducted quarterly since its inauguration in 2011, provides
a forward-looking, sentiment-based outlook of the property
industry’s confidence by gauging the responses of owners,
developers, agents, managers, consultants and governments
in all major industry sectors and regions.
Interestingly the forecast for the June quarter has just been
published, and shows an increase in house price expectations
right across the board. In fact, between the forecast for
the September 2012 quarter (published in July) and now,
every state and territory has experienced a rise in optimism –
some more sharply than others. Victoria, New South Wales,
Queensland, South Australia and Tasmania have all moved
from a prediction of falling house prices 12 months ago to a
clear outlook of rising residential house prices over the next
While this may not be the greatest news for those preparing
to buy in several months time, anyone looking to buy now
will no doubt be happy to dive in before the rises hit. Buying
a property is obviously a big decision and one not to be taken
lightly, but we expect that many will take current low interest
rates and positive forecast into account, and take advantage
of today’s very welcoming conditions.

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