Australian Property Monitors' Andrew Wilson and Blue Wealth Property CEO Tony Hayek have given mixed predictions for the spring property selling season.
Speaking with Australian Broker Online TV, Australian Property Monitors’ Andrew Wilson said investors were back in the market, and that investor expectations were higher than last year.
"Loan numbers from the ABS are showing an increase in investor loans in NSW, Victoria and Queensland at a rate higher than a year ago," he said.
"I think the expectations from investors are that we have reached the bottom of the price cycle and that it is a good time to enter the market and that we will start seeing capital gains over the next 12 to 18 months in most markets," he said.
Tony Hayek From Blue Wealth said performance in spring would depend on the individual market.
"I think that you will find that some of the markets like Sydney and some of the under-supplied markets will probably do ok," Hayek said.
"I think Melbourne is still in quite a bit of trouble and it will struggle for a few years – I don’t think spring is going to help it."
"Now more than ever there is market segmentation, so markets will perform differently through the spring."
