Words: Ashley Rigg
Published: 23rd September 2010
2011 Global market prediction - More of the same
If you had to summarise the conclusions of Knight Frank’s new residential housing market forecast in a four words they would be “more of the same”.
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Source: Global edge
User Comments
Overseas investment in Australian property is likely to be flat or diminishing as a consequence of the rising value of the AU dollar. So even if prices are static internally they have risen with respect to the European or UK observer. Conversely, Australians will be more likely to invest in overseas property as the dollar continues to rise.
Overall, the exchange rate will have a contractionary effect on Australian property, which may be exacerbated if the Reserve Bank reacts to generic growth by raising interest rates over the balance of 2010 and into 2011.
Fred Tross,
Virtually Sold Pty Ltd