Even though the market is yet to fire up there are reasonable supply numbers beginning to appear. It looks like there will be no massive shortage of property even though demand will still be outweighing supply in February and March. Even if interest rates move again as early as February, I still think property values will continue to perform well this year. As we see the first sets of clearance results from the big weekends of end of February and early march, we will be able to get a better idea on how the growth rate for property values will progress through the year.
Australia Day weekend will see the start of the autumn season with the properties going to auction late February beginning their advertising periods. It will be interesting to see how this years market will develop.
Ian James
