I have just written a blog on an article from the Weekend Australian, Weekend property Jan 14th-15th 2012
Some predictions from 4 Industry specialists:
“This year is lining up as one of two halves, where the first is quite weak, reflecting pre-rate-cut times, and the second half strengthens.” John freedman, head of property analysis, UBS.
“The November rate cut translated immediately into a significant jump in property transactions for our group. we’re seeing a return if 1st home buyers, confidence and sales.” Brian White, chairman, Ray White Group.
“By mid-year you’ll really ss 1st home buyers back and we’ll see activity in the middle-ring suburbs.” Jason Anderson, senior economist, Macroplan.
“The outlook is murky. there is general economic uncertainty which is not specific to housing, but what we can say with confidence is that Australia will cope. we don’t see a doomsday.” Harley Dale, chief economist, Housing Australia.