Media release – Date SEYMOUR PROPERTY MARKET SHOWING SIGNS OF RECOVERY Chris Bender from First National Real Estate Seymour expects the 2012 Seymour property market to be quite subdued and says while there are encouraging signs, there is still some distance to go. “The market in Seymour is set to continue moderating in 2012, due to low interest rates and steady prices, both of which are expected to remain relatively unchanged for the first six months of the year,” Mr Bender said in the First National 2012 Property Market Outlook released this week. According to the Outlook, residential property prices in Seymour are expected to flat, although there is the potential for movements of up to 1 per cent. The rental market should see vacancy rates tighten, decreasing between 1 and 5 per cent while weekly rents are expected to remain flat with movement potential of up to 1 per cent. Mr Bender expects investors will represent the strongest growth in activity in the Seymour region in the coming six months, driven by prime market conditions and strong returns. -
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Issued by: First National Real Estate. For further information or to receive a copy of the 2011 Property Outlook, Chris Bender, Principal from First National Real Estate Seymour, on 03 5799 1111.