Robert Heck - The Australian Property Institute
"Recent movement in prices and volatility on the stock market hasnt dampened sentiment for residential property, with 66 per cent of respondents indicating that they see the current stock market climate having a beneficial impact on residential property over the next 12 months.
This confidence in residential property is a resounding indication of the strength of the residential market in Australia at the moment, despite recent economic upheavals.
This recent survey indicates that residential property was expected to continue to move forward through to 2012.
Sentiment regarding interest rates indicates that the majority of respondents, 79 per cent, believe interest rates will be higher in the next 12 months, with a similar outlook for three years. Despite this, respondents still envision residential property continuing on an upswing."
