About The Area
Property markets generally, remain flat in most areas of the Global Marketplace after the GFC. Australian markets have not suffered as much as many others but it too is struggling to get back on an upward trend. Obviously Banks running their interest rates above the Reserve Bank levels does not help but they now seem to be eazing back on their tightened lending policies which is some encouragement. Likewise, the Government first home buyers policy can assist some into a home but, generally, it is likely to be after the first quarter of 2012 before we can expect to see stable forward movement in the market place. If you have funds available, now is the time to buy - on an adjusted average the current prices available for selected properties represent excellent value but, do your homework first!
It is our view that with the continuance of the strength of Global commercial and industrial markets such as in China and India we will continue to see financial support flowing into our markets - some may not be very welcome is it is seen as 'selling off the farm'! However, Australia and the US and Europe need these strong ecconomies to facilitate a reasonable return to domestic growth which, in turm will see our property markets be enlivened. For this reason alone the astute and able investor it is a time to be seeking out distressed properties that will provide maximum levarage to profit once the market starts to re-build.