Residential Property May Become An Investor Safe Haven

Century 21, the largest real estate sales organisation in the Asia Pacific region, believes that an increasing number of Australian investors are regarding residential property as a relatively stable investment option in light of ongoing turbulence across local and global equity markets.

“Over the first five-and-a-half months of 2012, the Australian equities market has experienced some extreme fluctuations driven in part by instability in Europe, softening growth in China’s economy and lingering negative consumer sentiment,” said Chairman of Century 21 Australasia, Charles Tarbey.

“While the Australian property market as a whole has seen stagnant or depressed growth this year, values have not fluctuated to the extremes or lows that many shareholders of listed companies have endured, and as such, many investors may now be looking closely at buying opportunities in the property market.

“With good stock levels, stagnant or depressed value growth of late, and many buyers sitting on the sidelines – market conditions continue to favour purchasers,” said Charles Tarbey.

The benchmark S&P/ASX 200 took a sharp drop over May, falling 7.3 per cent – the biggest monthly slide the Index has experienced in two years. In contrast, RP Data-Rismark reported that national residential property values dropped 1.4 per cent over the same month.

“While many investors may be seeking out property opportunities in this market, it is worth noting that property investments should be viewed as long term investments. Century 21 expects a few more twists and turns in the Australian market over the short and medium terms,” said Charles Tarbey.

 

About Port Douglas

Port Douglas real estate - Real estate in Port Douglas is now sought after the world over. Our passion for where we live stems from Port Douglas being the only place in the world where two natural, world heritage listed sites (the Great Barrier Reef & Daintree Rainforest) exist side by side. If you would like buy or live in your own piece of paradise, please browse our real estate listings http://www.realestateportdouglas.com.au The views expressed in the Port Douglas blogs are not those of Century 21 Port Douglas Real Estate nor the Century 21 franchise.
This entry was posted in Australia, Australian Home Buyers, Australian Homes, Housing Affordability, Housing Data, Interest Rates Australia, Port Douglas, Port Douglas Auctions, Propety Prices, Queensland, Raine & Horne, Real Estate, Rental Market, Rental Property, Unit Owners, What is Your Property Worth and tagged , , , , . Bookmark the permalink.

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