Happy New Year to you all. With the farewell of an eventful 2008, we hope you had a safe and well rested holiday break and ready to venture the new and exciting opportunities and challenges that lie ahead in 2009!

The Reserve Bank of Australia do not meet in January, therefore the interest rates remain as they did in December 2008.

Towards the end of 2008, we all felt the swing within the economical cycle with the major shifts of the world markets, the demand of commodities spike and then drastically drop, and the RBA lowering interest rates by a shock 1 percentage point for the first time in 16 years.

However with the 'doom and gloom' that was present in the air, I believe that property is on the rise as the more dependable choice of investment and that there is no other perfect time to invest in property than now with the attractive interest rates and first home owner grants that investors can receive from the Government.

Over the next six months economists and experts predict a growing demand of new buyers and investors in the Australian property market with a complete return to further growth in late 2009.