Home
  • plan
  • Invest
  • Property
  • enquire now
  • Learn
Home
DPN
  • plan
  • Invest
  • Property
  • enquire now
  • Learn

breaking news 2012: The year of recovery

The Australian property market is expected to make a modest recovery in 2012, according to RP Data's Cameron Kusher.

TAGS

Beginner (574) / Intermediate (540) / Expert (564)

The Australian property market is expected to make a modest recovery in 2012, according to RP Data's Cameron Kusher.

While Mr Kusher said the national market would continue to be characterised by soft conditions, 2012 will be better than 2011.

"Consumers are well and truly acting cautiously, saving at around the highest levels since the mid 1980's," Mr Kusher said.

"Credit and debit card statistics also show that consumers are showing a preference for using their own money rather than the banks. Growth in housing credit has been benign over the past year and has fallen when you remove refinances. The availability of housing credit seems unlikely to improve significantly over the coming year given the European Debt Crisis and ongoing economic woes in the United States.

"Lower interest rates are likely to result in an improvement in sales activity however; we don't believe values will start showing significant growth. As always the performance will be varied across capital city and regional markets. Melbourne, Adelaide and Hobart are likely to be the weakest capital city markets whereas Sydney, Brisbane, Perth and Canberra are likely to be relatively better performers (albeit with limited if any growth in values).

"Overall the market is likely to be a little stronger than it was in 2011."

Mr Kusher said property price growth will be limited with values potentially falling further in certain areas.

"In those areas where values do increase they are likely to grow at a rate below inflation," he said.

 


Follow us on Twitter for more news, tips and inspiration.
Like us on Facebook and Google+ explore our Pinterest boards.

Like this article or found it helpful? Share it!

Newsletter

Receive our articles directly to your inbox

Next article

http://www.theadviser.com.au/breaking-news/6471-property-prices-to-grow-5pc-in-2012

Go to articles list

Programs

Work with us
Giving back
Become an affiliate
Refer a friend
Help desk
Property Management
Finance

Locations

Head office
Australia
Hong Kong
Singapore

Contacts

Toll free in Australia
P. 1300 723 318
Outside of Australia
P. +61 2 9525 2033

Social Media

Newsletter

Terms of use | Privacy policy | Guarantees

This information is provided by DPN Pty Ltd ABN: 94 630 700 186 Australian Credit Licence 514759. DPN Finance Pty Ltd is an authorised credit representative 504129 and related entity of DPN. Credit for Dream Big 100% Offset and Work Smart 100% Offset is provided by Adelaide Bank a division of Bendigo and Adelaide Bank Ltd, ABN 11 068 049 178 and Australian Credit Licence 237879. Casa Capace Operations Pty Ltd, NDIS provider number 4050038018 trading as Casa Capace.