Australians Out Buying Investment Real Estate

  • 12 years ago
  • Uncategorized

Over recent month there have been
many gloomy reports on the state of the property market in Australia.  Managing director of Australia’s Housing
Industry Association (HIA), Shane Goodwin, recently said: “New home building
has collapsed.  We’re on the brink
of recession … the worst conditions in decades.”

However, a leading Australian
expert believes that the property market in the country remains good in many areas.  Keep reading to learn more about why
Terry Ryder believes the housing market in Australia is ‘talking itself into a
recession’.

Government should highlight property good news stories

Terry Ryder, a leading Australian
property expert, believes that negative comments from bodies such as the HIA
are only succeeding in having an adverse effect on the country’s property
market.

He told Property Observer: “We have an affordability crisis, a housing
shortage crisis, a red tape crisis, a taxation crisis – the HIA has talked down
its own industry day after day. Even positive data has been twisted into a tale
of pessimism.

“Australians are out there buying homes
and investment properties again – and markets are rising. But they’re not
building new homes, they’re buying existing ones. Why would anyone want to
build when the HIA keeps telling them the industry is stuffed and their
products are too expensive?”

Mr Ryder believes there are
plenty of great reasons to buy property in Australia and that official bodies
and the government should share good news stories rather than ‘doom and gloom’.

Mr Ryder added: “They [the HIA]
should be selling the benefits of building new homes. They should be
highlighting the areas in Australia where the economy is strong and business is
good.”

The expert highlights locations
such as New South Wales’ beautiful Hunter Valley, Ballarat in Victoria and
Gladstone and Toowomba in Queensland.

Mr Ryder concluded: “There are
good news stories out there, if the industry only had the wit to tell them.”

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