Australia Property-Real Estate market is definitely in recovery mode
Posted
in Updates
@ Apr 7th 2013 5:04pm
- By Garry Larden
Australia Property-Real Estate market is definitely in recovery mode
The property revival has been confirmed thanks to high clearance rates, an increasing number of national and international buyers, plus low interest rates.
The February 2013 Housing Market Report says the share market is also a solid leading indicator of the property markets positive growth and activity.
The All Ordinaries is now solid and holding above 5000 for the first time in three years, a rising bull market will activate property markets that are finally showing signs of emerging from a sustained period in the stagnation.
China’s high growth is also holding firm with iron ore prices at record levels, which is great news for Australia’s resource exporting economy
After years of economic set backs and floods, Brisbane is poised to record increased buyer activity and record population growth. Gauging by the huge numbers of people migrating from the southern states Queensland is in for big, big changes in terms of expansion and growth in the coming few years.
Advantages with Queensland is the low unemployment, record population growth and a shortage of housing which is also driving up the rental market.
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