Property Market Confidence is Up

After 3 years in the doldrums, the Sydney property market is regaining its confidence as people who have sat out the flat periods have finally decided that now is the time to get back into the property market for both home buyers and investors alike.

The latest survey commissioned by CBA and the MFAA conducted in March, shows that almost 1 in 2 Australians now expect property prices to rise over the next 3 months. This is a huge rise over the result from the September 2012 survey that listed only 28.9%. 

The survey was carried out by CoreData and is based on the sentiments of 1,361 home buyers and prospective home buyers.

Only 1 in 10 respondents expected prices to fall.