Housing Outlook 2012

According to the Australian Property Monitors State of the Market Report in December 2011, “after falling by -4.2% over the year to October 2011, national median house prices should recover to rise between 3 to 5 % over 2012. Demand for housing is also set to intensify in 2012 which will see housing markets reenergised, albeit at different levels. Capital city markets with direct exposure to the resources sector can be expected to record significant growth in house prices over the year. Increased investor activity, particularly from self-managed superannuation funds, is also set to have an impact on housing markets in 2012 as sustained prices growth becomes evident. 2012 is set to be a year of recovery for most Australian housing markets. Australia’s economy is set to grow at above trend by 4% in 2012 according to the OECD, driven by record levels of investment in the resources sector particularly in Western Australia and Queensland. With interest rates at an all time low, if you haven’t already done so you should be making sure you have the best deal. It’s easy if we do it for you. Happy New Year and we look forward to the opportunity of working with you.