The 50 basis point cut made by the Reserve Bank (RBA) last week sent a positive signal and may improve consumer confidence, but don’t expect a sudden resurgence of demand says one of the nation’s foremost property forecasters, Michael Matusik.
Promote, promote, promote
You can’t sell a secret. So, vendors who want to stand out from competitors must invest at least 1% of their home’s predicted sale price in marketing. Without some serious marketing push, there’s just no chance of standing out. Get
What will it take to lift the market?
Residential property, especially new housing stock is over-taxed. If we’re to lift new housing starts, Matusik says we must: Increase the speed of population growth. Increase the supply of raw land across urban Australia Reduce approval times and unnecessary compliance