Rural/Regional Outlook National
NSW
VIC
QLD
SA
TAS
WA
Increase
15%
30%
–
20%
–
–
–
Decrease
15%
10%
20%
20%
–
50%
–
Flat
70%
60%
80%
60%
100%
50%
100%
Only New South Wales and Queensland members expect rental increases of any kind. The Southern Highlands in New South Wales has the most optimistic outlook for rural properties in the country, followed by The Mallee in Victoria and Darling Downs in Queensland. This stable market is mainly due to current steady levels of supply and demand, commodity prices, and the high Australian dollar along with economic conditions both at home and overseas. The Lifestyle sector will continue to dominate the rural property market in Australia, representing the strongest growth area. The floating of the Chinese currency is expected to have a positive effect on Australia’s rural property prices by 30% of members.
2013 Property Market Outlook | First National Real Estate
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