Saturday, May 10, 2008

Matusik Comments on Brisbane Property

From the Brisbane Times:
  • 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.

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