The Australian property sector is witnessing relatively high stock levels at the present time, according to one commentator.
Speaking to BBC News, rpdata.com research director Tim Lawless noted that this development may have an impact upon the market's capital growth in the months to come, along with people's desire to save, rather than spend, more of their money.
As a result of these two key factors, he told the news provider: "We don't expect any real capital growth to return to the market for at least 18 months."
Despite these predictions Mr Lawless also indicated that where house price decreases do occur in Australia, these are only likely to be fairly small in scale in the near future.
With regards to Australian homes, last month also saw Real Estate Institute of Australia president David Airey call for more information about key housing issues to be provided by the country's government.
Posted by Craig Francis
Speaking to BBC News, rpdata.com research director Tim Lawless noted that this development may have an impact upon the market's capital growth in the months to come, along with people's desire to save, rather than spend, more of their money.
As a result of these two key factors, he told the news provider: "We don't expect any real capital growth to return to the market for at least 18 months."
Despite these predictions Mr Lawless also indicated that where house price decreases do occur in Australia, these are only likely to be fairly small in scale in the near future.
With regards to Australian homes, last month also saw Real Estate Institute of Australia president David Airey call for more information about key housing issues to be provided by the country's government.
Posted by Craig Francis
