15.04.2013 - Australian residential market could be on road to recovery: CBRE
The Australian residential market could be on the road to recovery with pre-conditions now existing for the market to grow, according to CBRE. The Australian Residential MarketView report for the December 2012 quarter shows an improvement in sales volumes but suggests previous significant growth cycles are unlikely to be seen in the immediate future. A low interest rate environment, modest improvement in building approvals, an increase in population growth, improving rental yields, expanding buyer enquiry levels, sales volumes improving and recent equity market growth are all necessary for a market geared towards recovery, says CBREs regional director of residential valuations Tom Edwards...............................................Full Article: Source
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