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Changing Market Conditions The Government’s proposed changes to some property market policies will have far-reaching effects for many in the industry and some are quite polarising. In the main, however, our members are not in support of many of them. The table below outlines their response to some of the key policy changes being discussed. National %

ACT %

NSW %

QLD %

SA %

TAS %

VIC %

WA %

88.4

100

93.8

94.4

100

75

92.3

45.4

92.2

100

89.3

100

87.5

100

85.7

100

98.0

100

95.8

100

100

100

100

100

92.2

50.0

91.4

100

87.5

100

100

80

77.3

100

75

94.4

62.5

100

73.3

63.6

Don’t support - Carbon tax - Stamp duty vs land tax - Stamp duty vs death duty - Dispose of neg. gearing

Do support - Abolish stamp duty

76.6 per cent of members said they expected a carbon tax would increase the percentage of customers seeking energy efficient appliances when looking to buy a new home. One of the greatest changes in how the property market operates in Australia relates to the increasing importance of social networking tools in marketing properties and information gathering. Some reports say that Australians spend more time using social media per month than any other country – and First National members have been quick to recognise the relevance of this medium for their clients. Social networking tools are expected to play an even greater role in the marketing of proper ties in the last six months of 2011 with 54.2 per cent of survey respondents indicating they plan to begin using, or increasing the use of, these tools, while 21.9 per cent said they might. Disclaimer: There are many uncertainties in forecasting movements in the market such as government policy changes, interest rate changes and global economies. Therefore, the forecasts in this report should be taken to be indicative of anticipated market directions. First National Real Estate takes no responsibility for actions taken on the basis of this report and encourages all vendors and buyers to conduct their own research.

12 First National Real Estate 2011 Property Market Outlook

North Sydney NSW  

First National Real Estate Mid Year Property Outlook 2011 - North Sydney NSW