Security In Real Estate
Current international events are likely to see more investors attracted to the safety of "bricks and mortar. The Queanbeyan property market had been very active over recent weeks, driven by investors attracted to the stability of real estate.

Global uncertainty has contributed to the move by investors away from the sharemarket, equities, bonds and even cash, to the relative safety of the property market. The Australian Stock Exchange had reported an on-going weakening of the equity market, all real estate agents are reporting strong buyer activity, particularly from individuals and family groups looking to property as a stable investment opportunity.

Statistics show that for most property investors in Australia, their investment property represents their retirement funds and most don't want to take unnecessary risks or put their money into a market they don't know. Real estate is safe and tangible and people are looking for that security at a time when the sharemarket has so many factors that can influence it. Most Australians know, from experience, that property is a stable and profitable investment

With 2002 being one of the strongest years for the real estate market on record, there had been some speculation that this year would see a slowing of the market. But the indications are that the market is continuing to grow, both in terms of volume of sales and capital growth.

With interest rates expected to remain stable and an anticipated continuation of employment growth this strong investor activity is likely to continue for some time. Many people in Queanbeyan have seen their family home grow in value, particularly over recent times, and are now looking to investment property as a way to help their retirement funds grow as well.

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