The evidence that property prices are on the rise in Australia continues to mount, this time a property guide compiled by the Sun Herald and the Fairfax owned Australia Property Monitors indicates 82 suburbs in Sydney are tipped to see 10 per cent or more growth for houses in 2010 with another 53 suburbs expected to see the median price of apartments rise by 10 per cent or more.
This come hot on the heels of recent articles produced by property investment and wealth creation company, We Find Houses.
We Find Houses Managing Director Paul Wilson says, “There is mounting evidence indicating there will be a significant increase in the median house price of specific suburbs and regional centres around Australia. Investors are coming back to the market, because of the tangible safety property investment can offer, and the attractive returns which can be made over the short and long term. It is our job at We Find Houses to find our customers property that is forecast to positively out perform the market average.”
The Sun Herald also suggests the leading property analysts are tipping first home buyers to begin exiting the market during 2010, as higher interest rates makes housing less affordable.
“This report shows the Sydney market is expected to grow quite significantly, this new consumer confidence seems to be a manifestation of relatively low interest rates, low unemployment, and the need for investors to have a relatively safe investment.” Paul says.
We Find Houses are a leading property investment company who specialise in researching investment properties for their customers. Contact We Find Houses on 1800 600 890.