Post a Comment On: Brisbane Apartment

From the Brisbane Times:http://www.brisbanetimes.com.au/articles/2008/05/08/1210131140302.html
While Mr Matusik predicts prices will not increase by more than eight per cent this year, he believes the key ingredients for continued growth remain strong. "Some commentators are claiming that the residential property market has come to a 'screaming halt', but there still remains some price growth." "In the short-term buyers are keeping their power dry following the interest rate rises over the last six months... but out recent survey work shows investors are starting to stir." With rents climbing at double-digit rates, Mr Matusik believes investors will return to the market during the course of the year. He predicts property prices in Brisbane will grow by 25 per cent in the next three years if interest rates remain steady and economic conditions improve.