North Sydney Outlook Interest rates are expected to remain unchanged over the rest of the year, which will see increased market activity and strengthening consumer sentiment. The Middle market segment is expected to show the most activity in the coming six months. Ceiling Insulation will be the most sought after energy efficient feature of a residential property in the region. On the commercial property market front, a steady performance is expected for the second half of the year. Little movement will be seen in terms of commercial property prices or rentals until the election is out of the way. Retail spending has fallen resulting in increased vacancies in local shops. Retail rents have fallen and investors are shying away from main road retail/commercial investments. The local office market needs to be stimulated with some new office blocks. Until some of these issues are addressed, the commercial property market will remain subdued and the current trend for landlords to offer tenant incentives will continue.
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First National Real Estate | 2013 Property Market Outlook Mid Year Update