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Market activity divides agents

Market activity divides agents

by Reporter 0 comments

Matthew Sullivan

The industry is divided over whether or not investors will drive the market over the coming 12 months.

According to Real Estate Business’ latest weekly straw poll, 50.2 per cent of agents believe investors will be the biggest driver of market activity over the next 12 months, while the remaining 49.8 per cent believe other segments will play the main role.

RP Data’s research analyst Cameron Kusher believes investors will not drive market activity.

Speaking to Real Estate Business, Mr Kusher said investors realise that the current market has limited capital growth opportunities.

“Property investors have become accustomed to strong capital growth over a short period of time in recent years,” Mr Kusher said.

“With the prospects of strong capital growth limited for the moment, I suspect we won’t see much investor activity.”

However, Mortgage Choice chief executive Michael Russell does not agree and believes investors are in a prime position to enter the market.

“Looking forward, the fundamentals for property investment are clearly enticing; flat property prices, rising rents, falling vacancy rates, housing undersupply and a further deterioration in affordability,” he said.

“Property listings are above average, and investors are in a good position to buy. Those who do will not need to look far for a good tenant.”

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Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
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