Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Confidence to return to property market: RP Data

Staff Reporter 1 minute read

The residential property market may have reached the bottom of its downward cycle RP Data predicted yesterday.

Tim Lawless, national research director, said that while picking the bottom of the property market cycle was difficult, he believes in “all likelihood” it has now passed.

“With most economists predicting further interest rate cuts during 2008 and 2009, and with two consecutive falls already, it is likely the broader consumer market will begin to view the residential property market with a much higher degree of confidence,” he said.

The return of buyers to the market would be gradual, Mr Lawless said, as a result of a slowing global economy and volatility in financial markets.

Published: 10-10-08

Confidence to return to property market: RP Data
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Michael Russell MoneyQuest Brokerage head calls out ‘unacceptable’ turnaround delays

It is “unacceptable” that turnaround times in branches can be...

gentlmen handshake Ex-Time Home Loans director partners with AFG

The aggregator has partnered with former Time Home Loans director...

farmer ta 34% of farmers eyeing raised business investment

Roughly one-third of Australian farmers expect to increase their ...