Surf City Finance News
February 17, 2012

A positive outlook for investment

“Some markets may still be flat, but growth will occur, although at more moderate rates than in 2009 and 2010.”

“In general, the market is anticipated to gather strength in metropolitan markets in the first half of the year, with improved confidence spilling over to regional markets in the second half.”

A First National poll of its 450 agents showed 63 percent expect an increase in investor activity throughout the year as a result of improved returns and increased confidence.

Contributing to the positive outlook are the predictions by many economists of interest rate stability during the first half of 2011. It is expected that the RBA will take a cautious approach as it examines the impact of the floods on the economy as Australia struggles to get its fresh fruit and vegetable industry back on track.

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