Coast market lull 'will be short-lived' ??
THE lull being experienced in the Australian property market will be short-lived as investors move to secure property and to take advantage of drop in property prices and interest rates, a Gold Coast property seminar has heard.
Speaking last week at Bendigo Bank's Spring Seminar on smart property investing, Robert Sainsbury said he expected the residential market to become more competitive and controlled by buyers who had finance in place and were able to move forward.
"Where it becomes a buyer's market, as with any other, property values may fall slightly and a price fluctuation will be driven by those sellers who have a financial need or a strong desire to move on," he said.
"The volumes of sales will increase as both first-home buyers and investors take advantage of the value that many of these properties will represent.
"Overall, residential property should still be viewed as a strong investment in the current conditions."
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