The outlook for Australian houses is positive following a faster-than-expected recovery, according to one property expert.
The Australia property market has recovered much quicker than expected and the situation looks positive for the future, it has been said.
Recent turmoil caused by disruption in the banking industry has been overcome, said Martin Hession, head of property at Australian Unity Investments.
Because banks have not been financing Australian property development for nearly two years, supply will become tight very quickly, with the economic recovery and job market improvement set to boost the housing market, he suggested.
Opportunities for Australian property investors are "exceptional", with many values remaining at levels set ahead of the recession, Mr Hession continued.
Calls have been made this week to aid the property market in Sydney, which faces a shortage as the population grows in the coming years.
The Tourism and Transport Forum has called for the creation of an authority to oversee urban development and improve liveability and transport as the city grows.
Posted by David McElwain
The Australia property market has recovered much quicker than expected and the situation looks positive for the future, it has been said.
Recent turmoil caused by disruption in the banking industry has been overcome, said Martin Hession, head of property at Australian Unity Investments.
Because banks have not been financing Australian property development for nearly two years, supply will become tight very quickly, with the economic recovery and job market improvement set to boost the housing market, he suggested.
Opportunities for Australian property investors are "exceptional", with many values remaining at levels set ahead of the recession, Mr Hession continued.
Calls have been made this week to aid the property market in Sydney, which faces a shortage as the population grows in the coming years.
The Tourism and Transport Forum has called for the creation of an authority to oversee urban development and improve liveability and transport as the city grows.
Posted by David McElwain
