Tuesday June 15, 2010

BIS Shrapnel forecasts a slowdown in house price growth

Leading industry analyst and economic forecaster, BIS Shrapnel, expects price growth for residential properties to slow in 2010 after the first-home buyer and low interest rate-induced rebound in prices in 2009.
 
According to the company’s Residential Property Prospects, 2010 – 2013 report, lending activity is already easing, with first-home buyer demand in the March quarter of 2010 down by 44 per cent on the same period last year, and upgrader activity plateauing. This is flowing through to softer demand for residential property

Contact: Angie Zigomanis