Forecats For Property Markets
22 September 2010
The real-estate market all around the world is having a rough time recently and Australia has not been left out. Nevertheless, the market is more stable than that of the Uk and the United states and investors are still investing both in commercial and residential properties.During 2010, several specialists foresee a 10 % decline in property prices, on the other hand some predict a rise of 5 % if not more. The most crucial factor to have an impact on the real estate market will be the unemployment rate. Even though banks have lowered the interest rate all the way down, it will only be people with a deposit that can afford to buy real-estate.Other factors that will affect the rainbow beach real estate market are debt, the world economy and affordability. The global economy crisis seems to be easing but some consumers continue to be in debt and have taken on credit they can ill afford.Tighter lending regulations have also been set up by the Australian Government to stop banks lending to individuals who can ill afford the monthly payments.