Aussie real estate future looks bright, analysts claim

The future of the Australian real estate market looks bright analysts claim, despite a recent slowdown in demand.

Indeed, they point out that the slowdown has provided real estate investors looking at Australian property with the chance to pick and choose homes and is also encouraging first-time buyers back to the market.

"The fundamentals for property are still very strong, we have strong population growth and it is likely that with more certainty around interest rates, potential investors and home buyers will move back into the market place," said CommSec economist Savanth Sebastian.

Last week, the Reserve Bank of Australia decided to leave the official interest rate on hold at 4.5 per cent, following six rises in the past year.

However, Mr Sebastian added that any strengthening of the sector was unlikely to occur at the same pace as before.

"I don't see it surging back as it did with the stimulus, rather it would probably be a much more subdued recovery," he explained.

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