Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Subdued market activity ahead: RP Data

By Staff Reporter
12 November 2009 | 1 minute read

Market activity is expected to settle as the festive season approaches, RP Data’s head of property research Tim Lawless has claimed.

Advertisement
Advertisement

According to Mr Lawless, the seasonality of the market is most felt from the second week of December through to the third or fourth week of January.

Advertising tends to slow down at this time, as does buyer activity.

“For those looking to buy, the festive season is a time when there is reduced competition in the market, so potentially this may be a good time to seek out a property and make an offer,” Mr Lawless told Real Estate Business.

“Prices are likely to continue rising over the first quarter of 2010, albeit at more modest levels than recorded over 2009. Over the first nine months of the year values were up 8.1 per cent, however the month of September saw price growth flatten.”

Mr Lawless said the key markets are likely to be the premium suburbs where prices fell the most during 2008 and are now showing a rebound on the back of improved business conditions and equity market performance.

Subdued market activity ahead: RP Data
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast

 

Do you have an industry update?

top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Boomerang Beach
66.67%
Gnarabup
66.67%
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.