SLOW OUT OF THE BLOCKS.

The article offers an outlook for the Australian residential housing market. Observation shows the cautiousness of buyers and vendors influenced by the global economy and consumer confidence, as well as their expectation for signs of renewed market activity. Analysts predict a subdued residential market, a downward trend of prices, and restrained buying activity in the early part of the year, but others foresee the return of investors to the market. Forecasts indicate the prices of properties in cities including Melbourne, Sydney, Brisbane and Perth.