The property market all around the globe is having a hard time lately and Australia has not been forgotten. Nonetheless, the market is more stable than that of the United kingdom and the United states and buyers are still investing both in commercial and residential real estate.During 2010, many specialists predict a ten percent drop in property prices, on the other hand some predict an increase of 5 % if not more. The main factor to affect the real estate market certainly is the unemployment rate. Even though banks have lowered the interest rate all the way down, it will primarily be people having a deposit that may afford to purchase Property In Collingwood Park.Additional circumstances that may affect the property market are debt, the world economy and affordability. The global economy crisis is apparently easing but some people continue to be in debt and have taken on credit they can ill afford.Strictor lending regulations have also been put in place by the Australian Government to prevent banks lending to individuals who can ill afford the monthly payments.