Frenchs Forest Outlook The rental market is expected to hold up into the second half of the year, with vacancy rates easing somewhat, helping to ease upward pressure on weekly rental prices which are expected to remain at their current rates. There has been a growing trend in the number of people purchasing investment properties through their superannuation funds in the Frenchs Forest region and this is expected to continue into the second half of 2013. The aging population in the region is expected to see Retirees represent the strongest growth in activity. Interest rates are expected to decrease further over the rest of the year, which will see increased demand by buyers, and even greater improvement in consumer confidence. The ongoing historic low interest rates are also expected to see a rise in the number of people applying for fixed rate mortgages. Mortgage-holders will be keen to lock in their interest rates for financial security in the future, before rates inevitably rise again. The Middle market segment is expected to show the most activity in the coming six months. Drought resistant gardens will be the most sought after energy efficient feature of a residential property in the region. The commercial property market in Frenchs Forest will perform steadily for the rest of the year, with property and rental prices in the sector holding at current levels.
2013 Property Market Outlook Mid Year Update | First National Real Estate
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