The release of the Bendigo Bank/REIA real estate market facts report published on the Property Investor website shows house prices grew by almost six per cent in the December quarter 2013 and the upswing is likely to continue.
Peter Bushby, president of the Real Estate Institute of Australia (REIA), believes these outcomes, and steady economic influences, bode well for continued growth this year. In 2014 we expect interest rates to stay low and continued steady improvement in activity in most markets. It should be generally a positive year, provided there are no unforeseen global issues that emerge.
These results reflect our belief that interest rates and the broader economy are in good shape for 2014.
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