Tag Archives: Residential Market

10 Reasons the Residential Market will be 5-10% Higher by the end of 2013

 

WORDPRESS SOLD

10 Reasons the Residential Market will be 5-10% Higher by the end of 2013
A word from John McGrath:

1. The Australian share market is recovering quickly & this will generate (& replenish) great wealth for many Australians

2. China is on the surge with an 8% anticipated growth rate this year (and beyond) & we will benefit more than any other country

3. We have record low interest rates with existing & new borrowers reaping the benefits making property more affordable

4. We have a nationwide housing shortage & will for some time, so demand will outstrip supply in an improving sellers market

5. Cash & term deposits are becoming far less attractive & many people will see the time is right to switch from cash into growth assets

6. Rents will continue to climb in the face of the housing shortage providing investors increasing yields over the next few years

7. Self-managed super funds (SMSF) investing directly in residential property is the biggest change I’ve seen in the last 12 months

8. Luxury homes are back by 20%-40% in value & will provide great buying for the recovering professional market buyers (read Palm Beach weekenders are about to become mega popular again!)

9. Most experts are tipping a landslide change in Federal Government which will give great confidence to the business community

10. As all the above happens in our connected community we’ll see a surge of confidence & FOMO which will stimulate continued investment over the next 3-5 year cycle.”

Cairns is continuing on a recovery track as business and economic activity continue to build, the progress to date has been significant and more good news about new projects starting up creating long term jobs.