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Harcourts MarketWatch February 2012
Harcourts MarketWatch February 2012
Tightening numbers of available homes in the main centres coupled with the easing and competitive lending criteria with the main banks competing strongly for the mortgage market share has seen a continued run of increasing activity in most areas nationwide.
This is allowing first home buyers to purchase, therefore first home buyers from four to five years ago now have the ability to move up to their next home.
Prices have seen some upward pressure however not to the extent some were anticipating. With a severe shortage of homes already in the main centres and no significant lift in new building consents, the competition for existing homes will continue to drive prices up further.
Our property investor clients are also going to see continued strength in rental prices with the same issues prevailing.
Auctions are remaining the most effective process to sell and our clients have supported the view with increased numbers of auctions nationally.
Harcourts MarketWatch February 2012 Full
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