Midyear state of affairs: A closer look at the country’s markets
With market conditions changing at varying degrees across the country, seven experts from Property Investment Profession...
Investors are expected to slowly renter the property market, one industry stakeholder has claimed.
Property Buyer CEO Rich Harvey said interest rate cuts and affordable housing would encourage investors to re-enter the property market.
"We are starting to see investors make small moves, thanks to the latest rate cuts," he said.
"However, that said, we have only had two rate cuts and I don't think that will be enough to really drive the market. Back in the 1990s, we had cuts of 1 to 1.5 per cent, which moved the market quite dramatically.
"So while investors will come back into the market, they won't rush back in overnight."