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Monthly Archives: July 2009

House Prices to Soar

July 7, 2009 in Latest News

Strong demand from first home buyers will generate green shoots of recovery for the wider property market in 2009-10, with prices tipped to rise by close to 20 per cent by 2012, a new report says. BIS Shrapnel’s Residential Property Prospects 2009-12, released today, says conditions are ripe for a sustained recovery in the residential markets, with low interest rates, solid rental growth and housing shortages evident in most areas. While BIS Shrapnel expects the first home buyer boom to ease at the end of the year it anticipates up-grader and investor activity to take over.  Read more