By: Staff Reporter
There are plenty of opportunities around for home buyers and sellers, provided they focus on market fundamentals, according to First National Real Estate chief executive Ray Ellis.
Commenting on yesterday's announcement that the RBA would hold interest rates at 4.5 per cent, Mr Ellis said the market was suitable for buyers due to relatively high business confidence, strong levels of immigration and low unemployment.
Those seeking to sell would also be able to take advantage of these prime conditions, he said.
"At times like these, homes that are properly presented, appropriately priced and well marketed will always do well, regardless of what happens with interest rates."
"It's a matter of making sure you get the basic factors right and plum properties should bear fruit."
Mr Ellis said there was growing investment returns in the property market, which should prove lucrative for the astute investor.
"Investors, in particular, can benefit greatly from the current market conditions and pick up some terrific properties that offer strong returns."