- The top end of the residential market is very soft. Very fragile, and oversupply issues.
- First home owner segment stronger due to interest rate cuts and government grants
- Choice between owning and renting starting to favour owning, as rents are rising and interest rates are falling
- Investors returning to the market due to interest rate cuts, rising rents and poor stock market performance. Investors make up 10% of Stockland buyers at present.
Sunday, January 4, 2009
Stockland Residential Outlook December 2008
Stockland reports that: