Real Estate

Don’t panic about property slowdown


Lawyers and conveyancers are reporting a lift in property transaction numbers which may lead to price growth.

IT MIGHT have been a slow start to the year for the property market but don’t panic – industry professionals say signs have emerged that things will soon start to pick up.

Legal and conveyancing professionals have revealed strong sales volumes for the start of the year could lead to price increases.

A survey of professionals by GlobalX Legal Solutions found 82 per cent believed Australia’s home values would stay constant or increase over the next year.

Chief executive Peter Maloney said lawyers and conveyancers were involved in the sales process earlier than most and could already see a pick up in transactions.

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“They are the first point of interaction when the consumer says I would like to sell my property,” he said.

“(They report) sales volumes are holding very, very strong in most Australi…

Read the full article at: http://www.news.com.au/finance/real-estate/property-price-growth-may-have-slowed-at-the-start-of-the-year-but-the-experts-have-spotted-signs-things-may-soon-pick-up/story-fncq3era-1227760831422

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