“The recent interest rate rises have had their desired effect and taken the hype out of the broader Sydney residential property market. However in certain pockets of the Sydney market including; North Shore, Inner West and Eastern Suburbs the key driver of capital growth remains to be a supply and demand problem.

We are seeing no shortage of buyers for well located and presented properties, up to around $1,500,000. In recent auctions we have seen properties sell well above the reserve.

The Sydney market within 10km of the CBD will continue to be strong during 2011. Investors and home buyers looking for a property within these markets have factored in the interest rate rises are looking for long term capital growth.

For the countercyclical investor, Brisbane is a market worth considering as the long term fundamentals are positive.”

About Alex Henderson…

Alex is the Director of Prosper Group, the buyer’s agent of choice for property investors, home buyers and businesses.

Further information is available at http://www.prospergroup.com.au/

“The media is filled with stories of housing affordability issues, property bubbles and rising interest rate scares. Many of these stories are written by economists working for companies selling shares or those trying to make a name for themselves. Being in the media myself I know these stories are written to create headlines and sell papers.

Investing in median priced properties, close to the main capital cities doesn’t create headline news but it does create almost guaranteed wealth in the long term, no matter what happens in the economy.

I believe that these areas are the ones to invest in and will provide consistent 6-8% growth of 6-8% pa, if not more in 2011. I’ve bet my personal wealth on it and will continue to buy more next year”

About Chris Gray…

Chris Gray began investing in property at age 22 when he worked out that it was cheaper to own a three bedroom house than a one-bedroom unit. He turned an initial deposit of $35,000 into a portfolio that is today valued at over $10 million.

 A qualified accountant, buyers’ agent and mortgage broker, Chris is passionate about inspiring others to achieve financial freedom through property. He is the CEO of Empire which builds property portfolios for other people – searching, negotiating and renovating on their behalf. Chris is the host of “Your Money Your Call”for Sky News Business.

Further information is available at http://www.chrisgray.com.au/