New South Wales Rural 80% of New South Wales rural members believe the state’s rural property market will hold, while 10% say it will strengthen. 70% believe rural property prices will stay at current levels while 10% say they will rise. 60% say rural rental prices will stay the same, however 30% say they will rise, mainly because of static supply and high demand. The relatively high value of the Australian dollar will continue to dampen activity in rural property markets, along with slow buyer activity. Economic and political uncertainty, coupled with subdued commodity and stock prices, will have a significant, negative impact on rural property markets.
Real estate business outlook 70% of New South Wales members expect their businesses to grow in the coming six months, while the remaining 28% expect them to stay the same.
Responses
As shown in the graph below, 41% of New South Wales members derive 60-80% of their business from sales; 24% have 21-40% from sales; 41% have 41-60% from sales and 10% each derive 0-20% and 81-100% from sales.
0-20% (10.34%)
34
21-40% (24.14%)
41-60% (13.79%) Answer
61-80% (41.38%) 81-100% (10.34%)
First National Real Estate 2013 Property Market Outlook