New South Wales 65 per cent of New South Wales members are currently seeing the trend for landlords to offer tenant incentives, and 73 per cent expect this trend to continue for the remainder of 2013.
Rural The rural New South Wales property market is a mixed bag, where 50 per cent of our state members say the market will remain steady, but 50 per cent say it has the potential to weaken in the coming six months An oversupply of rural properties on the market, in the face of low demand, is serving to keep rural property prices at current levels, according to 56 per cent of New South Wales members, while 38 per cent say they will decrease before the end of 2013. Falling commodity prices is the determining factor for rural rental prices, which 80 per cent of New South Wales members say will also hold at current levels. The regions of Illawarra and Southern Highlands are the only regions where any potential increase in prices is expected. No real improvement is expected for the state’s rural property market until consumer confidence strengthens and the federal government is decided. The greatest growth is expected to come from the lifestyle sector, according to 93 per cent of New South Sales members, with the remaining 7 per cent saying it will come from horticulture.
2013 Property Market Outlook Mid Year Update | First National Real Estate
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