What's Happening With Property
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  Running Time: 9:25 Date: 01/02/2013 What happened to the property market in 2012, and where's it going this year? Here's a realistic assessment. Predictions about the housing market in Australia range from forecasts of a new price bubble to talk of an imminent collapse in prices. So what's the truth? Nicholas Don, of Odyssey Financial, is a longtime observer of the property market. He tells us that, after a flat first half-year in 2012 followed by more positive signs in the second half, he expects there to be an upswing in 2013, especially where investors are concerned. His reasoning: consumer confidence is rising again, buoyed by wage increases creating greater affordability, and lower interest rates. Cuts to first-home buyer grants have meant many are staying in the rental market, pushing up demand in that sector. Well-positioned property close to transport, shops and schools will continue to be the prime choice. Topics: Financial Management, Investment, Management |
 Nicholas Don, Odyssey Financial |