Not likely to improve, a lot of forces working against any recovery now. Banks tightening criteria, valuations coming back below contract price, valuers reporting more bank valuations preparing for the mortgagee taking possession and many agents hinting of forced sales. Add a bit of unemployment and any perceived stock market volatility, consumer confidence falling and first home buyers in hiding and you have a perfect storm brewing.
A 20% correction would however see me take off the bear suit and put the longhorns back on, or, a breakout in wages growth to give potential yields a big boost, because at the moment they are very, very ordinary which in this interest rate environment is a real threat to property investment.
Oh well ...... at least Sector and Hawkers still reckon I am going to make a killing on the last acquisition. CHA-CHING
