Clements Estate Agents

The Australian Bureau of Statistics released figures showing that the median house price dropped only 0.3% nationally in the three months to June.

Commsec Chief Economist Craig James says, "a number of factors including proposed interest rates cuts, population growth and expected rental increases could see another strong rise in house prices. Cash based investments in the share market could be easily switched into the property market.

Those analysts who believe the market will plunge in recent commentary have to come up with an explanation about where people will live." Source: Australian Financial Review.

Clements Estate Agents see strong ongoing demand from buyers and tenants which supports the view that there is a solid floor under the residential market. This should continue with no evidence to suggest otherwise.

Given market prices have cooled slightly makes now a great time to buy before any further rises occur.

Happy House Hunting!