A new survey has found that Australian property professionals are most optimistic about the market in Western Australia (WA), where the resource boom has helped boost prices and improve the situation in the market.
According to a survey of members of the First National Real Estate network, a third of people anticipate a jump in the value of WA residential stock in the coming months.
Half of those surveyed claimed WA property will remain flat over the next six months, while the outlook for the rest of the country is less optimistic, reports Property Observer.
Although a quarter of people anticipate a jump in prices in Queensland, this is matched by 27 per cent who are pessimistic about the state's housing market.
Ray Ellis, chief executive of First National Real Estate, said the survey revealed many "positive signs already that the market has turned a corner in some areas".
Australian Property Monitors recently suggested that property in Sydney is offering high rental returns for investors.
Posted by Steve Douglas
