The 2013 spring selling season could be the best we have seen in a long time, one industry stakeholder has claimed.
Speaking to The Adviser, Loan Market’s Mark De Martino said he expected to see property prices climb later this year, encouraging many buyers to jump on the ladder sooner rather than later.
“If you look at the history of property prices, values always climb shortly after interest rates have been cut,” he said.
“The Reserve Bank cut the cash rate several times last year and I expect this to have a flow-on effect in the property market later this year when property prices will ultimately climb.
“I think the 2013 spring selling season will be one to remember. Prices will climb and interest in property will start to gather pace.”