The Property Council/ANZ Property Industry Confidence Survey from the last quarter has revealed a renewed optimism throughout much of the country. The survey, which has been conducted quarterly since its inauguration in 2011, provides a forward-looking, sentiment-based outlook of the property industry’s confidence by gauging the responses of owners, developers, agents, managers, consultants and governments in all major industry sectors and regions.
Interestingly the forecast for the June quarter has just been published, and shows an increase in house price expectations right across the board. In fact, between the forecast for the September 2012 quarter (published in July) and now, every state and territory has experienced a rise in optimism – some more sharply than others. Victoria, New South Wales, Queensland, South Australia and Tasmania have all moved from a prediction of falling house prices 12 months ago to a clear outlook of rising residential house prices over the next quarter.
While this may not be the greatest news for those preparing to buy in Mudgee in several months time, anyone looking to buy now will no doubt be happy to dive in before the rises hit. While buying a property is obviously a big decision and one not to be taken lightly, we expect that many will take current low interest rates and positive forecast into account, and take advantage of today’s very welcoming conditions.
If you’re ready to take the plunge and buy Mudgee real estate please give us a call or visit us at Professionals Mudgee Real Estate. We’d love to help you make the right move.