As was outlined in the previous newsletter, the Australian real estate market has increased by 0.6% in every major City except for Perth Western Australia that showed a negative variance of 2.1% in the quarter ending May.

It is predicted that property prices will increase by only a small amount during the remainder of 2010. The questions then remain,
1. Is it a good time to buy or invest
2. Is it a good time to sell?
3. How do we make a profit in a slowing real estate market?

Here are some tips to get you thinking.

1.Continue to buy quality assets – The opportunity to negotiate is increased in a slowing market. Identify your investment strategy and continue to buy great deal properties that are safe secure and profitable investments. If you have stopped looking or thinking of buying, ask yourself why? In the current economy the greatest deals are found.

2.Play an active part in your financial future! – identify what you need to do to achieve your goal and fight to move towards your goal. With the right support you may be surprised at how achievable your goals are.

3.Sell under performing property – sell investment properties that are not giving you high returns and exchange them for better opportunities.

4.Sell up and move into the home of your dreams while the opportunity to negotiate is high- There is a benefit to upgrading to the home of your dreams in a slowing property market. The benefit being you will buy the home of your dreams at the price you are willing to spend. Find out both the financial and opportunity costs of moving in a slowing market before making any decisions.

Mallison Real Estate staff are available to help answer all your questions about selling, buying, renting and investing. Call today and make your obligation free appointment to discuss the property market your options and how you can profit in the current economy.

You have nothing to loose but with the right advice everything to gain.

Property information and analytics provider group, RP Data have revealed in a May article that Australian capital cities have recorded the second consecutive month of annualised growth. This confirms assumptions that the Australian real estate market is moving towards a lower more sustainable growth path.

RP Data director of research Tim Lawless said “With disposable household incomes forecast to increase by around 5 per cent in 2010, we have long predicted subdued dwelling price performance for this year. There is, however, some good news for borrowers on the horizon. Employment growth remains robust with unemployment forecast to fall back in line with its 4-5 per cent “full-employment” level. More importantly, the futures market is pricing in just one further rate hike through to 2012, which means borrowing costs should remain steady”.

The Perth real estate market is the only Australian capital city that has experienced a negative variance in growth. The value of homes during the three month period ending May show the value of homes have decreased by 2.1%
However, with the recovering resource sector, continued population growth and improving real estate affordability it’s predicted that Perth will follow the trend of other capital cities in Australia with an upswing in the property market in the near future.

Tim lawless reveals “The market’s underlying fundamentals are such that any material fall in home values is unlikely. Housing supply remains very low at a time when housing demand is healthy, interest rates appear to be on hold for the foreseeable future, and the Australian economy is performing well compared to all other developed countries”.

Welcome to the first edition of the Mallison Newsletter, Inside Real Estate. Inside Real Estate will take you into the inside world of buying selling investing and renting in real estate. All the questions you wanted answered and the information you have been searching for will all be released in this fortnightly publication.

Mallison Real Estate is always interested in what our readers think so please keep sending in your feedback. Anything from what you thought of a particular article to information you would like to hear more about.

Inside Real Estate... just another way Mallison Real Estate is looking after the community