news

Still scope for growth in flat market: RP Data

By Staff Reporter

Over the next year, the market is most likely to be flat, however savvy investors should see some capital gains, according to RP Data’s Property Pulse.

In RP Data research team’s last Property Pulse report for 2012, they predicted a varied performance over 2013, requiring investors to be even more diligent with their choices.

“Property markets in Sydney, Brisbane, PerthPerth, TAS Perth, WA and Darwin, where home values have corrected more than the other capital cities, may be the markets to watch for improving conditions,” RP Data predicted.

“We are already seeing signs of a recovery in these markets, particularly in Perth and Darwin.

“On the other hand, markets such as Melbourne, where capital gains have had a strong run, are more likely to see weaker conditions. The number of properties being advertised for sale across Melbourne has ramped up very quickly; new listings have remained fairly constant however, the total number of homes available for sale simply hasn’t been absorbed due to a slowing rate of sale.”

Further interest rate cuts were also suggested to be a likelihood, in “light of the revelations of a slowing Chinese economy and a substantial decline in commodity prices, and the likelihood of much slower economic growth over the third quarter of 2012.”

However, the main wild card is still the global economy, which remains largely uncertain and may further dampen consumer confidence.

“As a result, any significant growth in values across the national housing market would appear to be some way off,” claims RP Data.

Still scope for growth in flat market: RP Data
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%