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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Property values to fall under rising rates

By Staff Reporter
23 October 2009 | 1 minute read

The growth in property values could take a more measured approach if rates climb again in November.

According to RP Data’s head of property research Tim Lawless, a swift rise in rates could dampen much of the current market optimism that leads to measured growth.

“Interest rates are likely to continue their upwards trajectory next month, with many analysts suggesting we may see a 50 basis point rise in November,” Mr Lawless told Real Estate Business.

“The overall affect on the market isn’t likely to be dramatic, as interest rates are rising from historically low levels and returning to an environment that is more aligned with the healthier economic conditions.”

But while the overall effect may not raise alarm bells with real estate agents, they could see first home buyers exit the market quicker than first predicted.

Figures from the Australian Bureau of Statistics showed that the number of first home buyer commitments as a percentage of total owner occupied finance decreased from 25.3 per cent in July to 24.7 per cent in August 2009.

Property values to fall under rising rates
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.