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02/09/2010 - Property in Australia sees increasing returns  02/09/2010 - Property in Australia sees increasing returns

According to a report by property research company IPD, returns from Australian property investments increased six fold during the second quarter of 2010.

"It came from a pullback in negative capital growth.  We will continue to see upswings but the pace will be moderate, in line with the general softening in the economy." Anthony De Francesco, IPD managing director for Australia and New Zealand, commented.

The report confirms recent figures from Reuters which showed that returns on Australian real estate, including income and capital, had increased from one percent in March to 5.9 percent in June.

A report from the Australian Bureau of Statistics also shows that residential property prices have increased by twenty percent during the past twelve months.  In addition, a report from Property Wire indicated that quarterly growth in June was 3.1 percent and that year on year increases reached 18.4 percent.

Australia’s annual capital returns continue to look positive for the next quarter after reaching a 6.1 percent high in June last year.

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