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Property recovery is sustainabl...

Property recovery is sustainable, says SQM

SQM Research say that although the housing recovery is slow it is sustainable.
<p $$hash="6465-0"><span $$hash="6464-0">The recovery that Australian property is currently experiencing is likely to be sustainable, meaning that house prices are going to continue to rise.

<p $$hash="6467-0"><span $$hash="6466-0">Managing director at SQM Research, Louis Christopher, suggested that while the current housing recovery is taking place at a slower rate than the last, in 2009, it is expected to continue for a longer period of time.

<p $$hash="6439-0"><span $$hash="6438-0">He suggested that the reason for the surge in property sales in 2009 was due to the first home buyers grant. While this is no longer available, he said that interest rate cuts had helped to encourage activity within the housing market.

<p $$hash="6447-0"><span $$hash="6446-0">Results from SQM Research have shown that consumer sentiment has been on the rise, as well as the number of properties going up for sale.

<p $$hash="6441-0"><span $$hash="6468-0">This has been proven by the ongoing strong clearance rates from auction weekends in Melbourne and Sydney.

<p $$hash="6440-0"><span $$hash="6445-0">Property prices have been rising across Australia over several months, according to research from the RP Data-Rismark Home Value Index.

<p $$hash="6442-0">Posted by Craig Francis

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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