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South Australia Outlook The South Australian property market is expected to steady over the remainder of 2011, on the back of an already moderating, and in some cases falling, market throughout the first half of the year. Rising stock levels, together with reasonable buyer demand will help to steady the market in the coming six months. The First National Proper ty Market Outlook Mid-Year Update Sur vey shows 62.5 per cent of South Australian member respondents said they anticipated the market to steady in the coming six months, while 37.5 per cent said they believed it could fall still fur ther. Property Prices In the main, property prices across all segments (house, apartment/strata and land) are expected to remain relatively flat, although there is some potential for slight falls, with any movements kept to a minimum of up to 5 per cent. The majority of SA survey respondents (62.5 per cent) said house prices would fall, with 50 per cent expecting them to decrease by up to 1 per cent, and 37.5 per cent anticipating them to be between 1 and 5 per cent. The remaining 37.5 per cent anticipated house prices would remain flat. It is a similar picture for apartment/strata prices where 62.5 per cent said they would trend downwards by up to 5 per cent, 25 per cent said they would remain flat and 12.5 per cent anticipated increases of around 1 per cent. The large supply of land will see land prices flatten, with 50 per cent of SA respondents saying they would flatten out, although 37.5 per cent said they anticipated falls of between 1 per cent and 5 per cent and 12.5 per cent anticipate slight increases of up to 1 per cent

30 First National Real Estate 2011 Property Market Outlook

Tweed City NSW  

First National Real Estate Mid Year Property Outlook 2011 - Tweed City NSW

Tweed City NSW  

First National Real Estate Mid Year Property Outlook 2011 - Tweed City NSW