Laing+Simmons Corporation
Leanne Pilkington

2012 Market Outlook

By: Leanne Pilkington
February 01, 2012 15:14
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It’s the time of year when the media focuses on the outlook for 2012 with the hope of extracting an exciting story about price growth and the like.

The reality for this year is that it’s a bit hard to predict, as the outlook will depend strongly on what happens in Europe, and until that mess starts to unravel the impact on the Australian economy and our real estate will not be clear.

What we think is likely is that interest rates will continue to fall, (hopefully our banks will pass it on) banks will tighten up their lending ratios which will mean money will be harder to get and as a result prices are unlikely to increase.

Rentals are going to continue to be harder to come by, and the high demand will fuel  rent increases.

So, the moral to the story is, if you want to upgrade, now is a great time to do it.  The lower end of the market has held value better than the more expensive properties so if you are spending more, you are likely to be a winner.  If you are waiting for prices to increase before selling, be prepared to wait for a while, and if you are renting, yes you can expect more price rises in the future.

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About the Author

Name
Leanne Pilkington
Title
General Manager
Leanne Pilkington
Leanne has over 25 years experience in the real estate industry and in this time has developed an extensive knowledge of the full spectrum of real estate services. She has a thorough grasp of the issues that affect the NSW property market.

In her role as General Manager, Leanne oversees the operation and growth of the entire Laing+Simmons group, as well as focusing on the growth and development of each franchise. She plays an instrumental role in developing new products, services and training systems to meet the varying needs of each franchise.

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By: Leanne Pilkington, August 31, 2012 16:02

You should never take the first offer on your house – should you?
By: Leanne Pilkington, July 27, 2012 11:49

How can you accurately price your home?
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By: Leanne Pilkington, May 17, 2012 09:37

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By: Leanne Pilkington, May 07, 2012 10:54

Would a reduction in Stamp Duty increase property turnover?
By: Leanne Pilkington, April 30, 2012 15:42

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By: Leanne Pilkington, February 01, 2012 15:14

Three reasons why there is no Australian housing price bubble: HSBC's Paul Bloxham
By: Leanne Pilkington, January 20, 2012 15:19

NSW Tenants' groups push for renters to have a greater say
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