Tue, Sep 2, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Archive | November, 2011

What a eurozone failure would mean for SA’s property market

Posted on 28 November 2011 by Laxman  |  Email |Print

FNB property strategist John Loos put the problem in a nutshell: “A eurozone recession, caused by its high levels of indebtedness, would curb global demand for South African exports, which in turn means slow local economic growth, job creation and thus household disposable income growth. This exerts downward pressure on residential property demand.”
Absa Home Loans property analyst Jacques du Toit said “one must then expect the demand for property and mortgage finance to be negatively affected, impacting property market activity, transaction volumes and many property-related industries and professions”………………………………………Full Article: Source

UAE: Property valuators come under pressure

Posted on 28 November 2011 by Laxman  |  Email |Print

Owners of property portfolios – both private and corporate - are leaning on property valuation firms to match “pre-crash valuations”. An industry expert told this website that most owners of properties believe the market has recovered sufficiently and, therefore, want to see the value of their holdings put back at what they were worth before the economic crisis struck in 2008.

“Clients are pressing valuers to match their older pre-crash valuations done on their assets as they believed the market had recovered sufficiently from this year,” Simon Gray, Managing Director - Mena, Chesterton International, said……………………………………….Full Article: Source

Qatar: Relocating labour accommodations to take several months

Posted on 28 November 2011 by Laxman  |  Email |Print

Shocking facts about the condition of some labour accommodations in the country have been unveiled during the inspection campaigns being waged by different municipalities as part of implementing the new law banning such facilities in residential areas.

Almost one month after the deadline set by the Ministry of Municipality and Urban Planning for relocating labour accommodations from residential areas ended, the authorities say that they are facing a difficult task in implementing the law………………………………………Full Article: Source

Ajman sees 40pct of off plan buyers swap properties

Posted on 28 November 2011 by Laxman  |  Email |Print

More than a third of investors stung by the collapse of Ajman’s offplan real estate market have switched their cash to units in projects nearing completion, the emirate’s property watchdog said.

The emirate last year offered buyers in stalled projects the chance to trade their offplan units with those in developments nearing handover, after the Gulf property crash slowed work to a standstill on more than a dozen projects………………………………………Full Article: Source

Does the development in Eurozone affect the Indian real estate?

Posted on 28 November 2011 by Laxman  |  Email |Print

The developments in the Eurozone are likely to affect the Indian real estate market. These have not only dried up the foreign equity participation in the sector in the country, the developments will also affect demand of the products.

Himadri Mayank, senior manager (research and real estate intelligence service) at Jones Lang LaSalle, India, in a report said that the inter-connectedness of global investment markets was evident in the slowdown during 2008, when the contagion of the recession spread rapidly across the world………………………………………Full Article: Source

Bhutan: Will housing boom lead to a bust?

Posted on 28 November 2011 by Laxman  |  Email |Print

If the current trend continues, some fear demand may soon outstrip supply. The construction frenzy in south Thimphu is an eyesore for Jigme. Every morning as he drives to work, thoughts of losing tenants of his newly built house, on the outskirts of the city, to buildings nearer to the city offering cheaper rents worries him.

There are hundreds being built, and hundreds waiting to be built, housing outnumbering tenants does look like a possibility in the near future………………………………………Full Article: Source

Beijing broadens standard for “normal” housing

Posted on 28 November 2011 by Laxman  |  Email |Print

China’s capital Beijing has broadened what counts as a “normal” residence for the purpose of tax breaks and other policies, in a move likely to be seen as a support for the struggling property sector.

The city government has for some districts roughly doubled the maximum value for an apartment to be considered normal, which will enable more homeowners to be exempt from certain taxes, including on when they resell their homes, according to the official Xinhua news agency………………………………………Full Article: Source

China Vice Premier says property curbs at ‘critical stage,’ Xinhua reports

Posted on 28 November 2011 by Laxman  |  Email |Print

Chinese Vice Premier Li Keqiang said measures introduced to control the nation’s property market are at a “critical stage” and that the government should continue with the curbs, the official Xinhua News Agency reported.

Li also called for increased efforts to construct and “fairly distribute” affordable housing to low-income families, Xinhua reported today. The vice premier made the remarks while visiting the city of Langfang in Hebei province on Nov. 25, during which he checked on the implementation of the government’s affordable housing policies, Xinhua reported………………………………………Full Article: Source

China to keep tight grip on property sector

Posted on 28 November 2011 by Laxman  |  Email |Print

China will maintain its tightening measures in property sectors next year and continue its efforts to construct affordable housing, state-run media reported Sunday, citing Vice Premier Li Keqiang. There has been speculation among some economists that authorities may ease controls on the property market if a steep drop in prices threatens economic growth.

“Tightening measures in the property sector have had a certain effect,” Mr. Li said. “The market is entering a critical period, so we must stick to the policy stance of curbing [the] overly fast increase of housing prices.”………………………………………Full Article: Source

CapitaLand may place $5.3 bln China projects into REIT

Posted on 28 November 2011 by Laxman  |  Email |Print

CapitaLand Ltd, Southeast Asia’s largest property developer, may place its $5.3 billion projects in China into a real estate investment trust (REIT), Singapore’s Straits Times newspaper reported on Monday, quoting a senior executive of the company.

CapitaLand’s Chief Operating Officer Lim Ming Yan said should the company decide to do that, the plan would not happen in the near future because five out of seven of its projects, under its Raffles City brand, in China were still under development, according to the report……………………………………….Full Article: Source

Is the Singapore property market headed for a fall?

Posted on 28 November 2011 by Laxman  |  Email |Print

Property has been enjoying a boom like no other in the past two years but if Standard Chartered’s experts are right, the good times are coming to an end.

The bank’s analysts have turned markedly bearish, with a report predicting residential rents and prices plunging 30 per cent over the next three years……………………………………….Full Article: Source

VietNamNet: Property market gets frozen, trade floors shut down

Posted on 28 November 2011 by Laxman  |  Email |Print

The lackluster real estate market has not only made real estate developers suffer, but has also made trade floors redundant. A lot of real estate trade floors, which mushroomed several years ago when the market heated up, have shut down.
There have been no official statistics about how many real estate trade floors out of the 319 floors in HCM City have to shut down due to the lackluster market. However, experts have affirmed that the number is relatively high………………………………………Full Article: Source

Taipei: Luxury home sales drop, prices remain intact

Posted on 28 November 2011 by Laxman  |  Email |Print

Luxury home sales in metropolitan Taipei have dropped significantly since the implementation of a luxury tax in June, the United Evening News (UEN) reported Saturday. Nevertheless, the prices of luxury homes in Taipei have remained intact’
The “three noes” attitude of premium home owners is one of the main reasons behind the prevailing phenomenon of “slumping sales and unchanged prices.” The “three noes” refer to luxury home owners being unwilling, in no hurry, or not daring to sell their real estate holdings at the moment. The wait-and-see approach of potential buyers is also one of the factors that have brought luxury home sales in the city almost to a standstill………………………………………Full Article: Source

Australian housing market more at risk than pre-GFC America: The Economist

Posted on 28 November 2011 by Laxman  |  Email |Print

Australian house prices are more vulnerable to a major correction than the US housing market was before its collapse following the GFC, according to The Economist magazine.
The magazine says home prices in Australia (alongside Belgium, Canada, France, New Zealand, Britain, the Netherlands, Spain and Sweden) are overvalued by about 25% and could plummet if there is another global credit crunch as a result of a sovereign debt meltdown in Europe……………………………………….Full Article: Source

NZ: Competition hot in first-home property market

Posted on 28 November 2011 by Laxman  |  Email |Print

A shortage of houses in the first-home buyers’ market over winter has caused a rise in multi-offer agreements, confusing those new to the real estate game. Multi-offer agreements are when more than one written offer is received for a property at one time, turning a sale by negotiation into a sale by tender.

Real estate agents are warning first-home buyers to be aware of the rules of multi-offer agreements so they don’t miss out when making an offer………………………………………Full Article: Source

Canadian housing frothier than U.S. at peak: Economist

Posted on 25 November 2011 by Laxman  |  Email |Print

Mark CarneyA new study of global housing markets by The Economist warns that markets in Canada and some other countries still appear “uncomfortably overvalued.” Indeed, the magazine calls it downright frothy in its latest update of house prices indicators.
Overall, the report shows prices falling in eight of 16 countries studied in terms of a price-to-income ratio, which measures affordability, and a price-to-rent ratio………………………………………Full Article: Source

Housing data provides bright spots, but economists’ outlook is still gloomy

Posted on 25 November 2011 by Laxman  |  Email |Print

Patrick NewportThe past week has brought encouraging reports on the housing industry, glimmers of hope that the market might finally be turning in the right direction. But economists and other housing experts have a message that could dampen any optimism: Real recovery remains far from reality five years after boom began turning to bust.
“There has been some improvement, but the numbers are still abysmal,” said Patrick Newport, U.S. economist at IHS Global Insight. “The market is doing really badly; it’s just doing better than it was early in the year.”……………………………………..Full Article: Source

Housing starts expected to drop in 2012

Posted on 25 November 2011 by Laxman  |  Email |Print

The Halifax housing market will take a bit of a dip next year, according to a report released this week by a real estate and consulting firm. Citing an expected decrease in apartment starts in Halifax, along with relatively slow job growth, weak gross domestic product and stagnant migration numbers, the Altus Group is predicting about 700 fewer housing starts in 2012 than the 2,800 expected by the end of this year.

But that prognosis is not limited to Halifax or the rest of the province, but to the entire region as well. “The single family will probably be pretty steady next year, but modestly lower housing starts on the multi-family housing side, in particular, as this surge of activity comes through the pipeline,” Altus Group chief economist Peter Norman said in an interview from Toronto………………………………………Full Article: Source

Europe’s hot properties

Posted on 25 November 2011 by Laxman  |  Email |Print

Leading retailers and real estate firms talked shop at property trade show Mapic at the Palais des Festivals in Cannes this month. We listened in to find out what some of Europe’s biggest retail property firms are up to.
Cushman & Wakefield: Portfolio Handles 260 shopping centres globally, totalling just under 97 million sq ft of floorspace. Clients include Agent Provocateur, Banana Republic, H&M, Mango, Reiss and Zara………………………………………Full Article: Source

U.K. house-price outlook has become more gloomy on growth fears, CEBR says

Posted on 25 November 2011 by Laxman  |  Email |Print

The outlook for Britain’s housing market has become more gloomy in recent months as economic growth falters and unemployment rises, according to Centre for Economics and Business Research, which lowered its price-growth forecasts.

Home values will rise 1.6 percent in 2012 after falling 1 percent this year, the London-based group said in an e-mailed statement today. The CEBR, which previously forecast that prices would increase 2.4 percent next year, cut its annual projections through 2015………………………………………Full Article: Source

UK: Property: Rising rental yields may entice institutional players

Posted on 25 November 2011 by Laxman  |  Email |Print

History tells the UK property investor that if they are looking for income, they want exposure to commercial property, while if capital growth is more important, residential real estate is where to invest.

But this trend could soon switch as the private rental sector looks to expand considerably over the next five years………………………………………Full Article: Source

UK: Call on government property drive

Posted on 25 November 2011 by Laxman  |  Email |Print

The share of first-time buyers in the housing market has dwindled to its lowest point in nearly three years, estate agents have said, prompting calls for the Government to do more to lift the “lending barrier” preventing people getting onto the property ladder.

The National Association of Estate Agents’ (NAEA) market report for October found that 16% of overall sales last month went to first-time buyers, shrinking back from 22% in September………………………………………Full Article: Source

UK: Construction levels were broadly flat during the third quarter of 2011

Posted on 25 November 2011 by Laxman  |  Email |Print

Expectations were increasingly gloomy ahead of the government’s announcement earlier this week outlining its plans to kickstart the housing market. One per cent more chartered surveyors reported workloads fell rather than rose, the lowest reading since Q4 2010.

Over half of all respondents reported no change in workloads from the previous quarter, as the industry continued to face difficulties………………………………………Full Article: Source

French market stable

Posted on 25 November 2011 by Laxman  |  Email |Print

Property owners and investors with ambitions of going continental should consider the French market which, according to IPINglobal, is currently stable and will be for some time. According to Philip Mindenhall, a researcher at the company, France’s commercial property market has managed to avoid the steep highs and lows experienced by its Spanish counterpart.

What’s more, new tax changes could also make property investments en Francais that bit more attractive. He did, however, warn investors that it would not be easy as pie to simply make money. He recommended carrying out research properly before buying, including the purchase of commercial property insurance………………………………………Full Article: Source

Germany’s residential market powers ahead amid eurozone crisis

Posted on 25 November 2011 by Laxman  |  Email |Print

Germany’s residential market is booming. As volatility in the eurozone reaches near-breaking point, investors are turning to Germany’s residential sector as a safe haven.

In the year to 15 November, there were 68 residential portfolio deals involving portfolios of 250 units and above, a jump of 66% on last year’s figure, according to Cushman & Wakefield………………………………………Full Article: Source

German open-ended funds face further liquidations

Posted on 25 November 2011 by Laxman  |  Email |Print

The number of German open-ended property funds (GOEFs) that are forced into liquidation is likely to increase in the wake of new financial regulations such as the Alternative Investment Fund Managers Directive (AIFM).
Under the regulation, which is due to be implemented in January 2013, funds will be forced to increase liquidity and will also be supervised more strictly………………………………………Full Article: Source

Cyprus: Property prices will continue to fall says bank chief

Posted on 25 November 2011 by Laxman  |  Email |Print

Cyprus bank executives see a further deterioration in the Island’s economic conditions next year that they consider will further reduce liquidity, increase the cost of borrowing, and put further downward pressure on property prices.
Senior managers from three of the Island’s banks outlined a gloomy future for the economy and called on government to take bolder steps to reverse the downward course. Christos Stylianides, deputy CEO of the Marfin Laiki Bank said that “The Cyprus banking system dealt with the shocks of the global credit crisis. However, the government’s failure to take measures in time led to its consecutive downgrades by the rating firms and its inability to borrow from the foreign markets”………………………………………Full Article: Source

Private capital targets Tokyo property post-quake

Posted on 25 November 2011 by Laxman  |  Email |Print

Private property investment companies from outside Japan say Tokyo is one of their top targets for the next 12 months, with the most active players set to invest close to $1 billion.

Tokyo’s property market has made a surprisingly rapid recovery from the shock of the quake-induced disasters in March. Although the market has been a perennial laggard in recent years, it now looks set to provide stable growth as other markets slip, investors say………………………………………Full Article: Source

India: Expert panel for single window system in real estate sector

Posted on 25 November 2011 by Laxman  |  Email |Print

Seeking to address the concern of real estate developers over delay in getting approval of the projects, government today announced the setting up of an expert commmttee to suggest measures for a speedy clearance system.

Confederation of Real Estate Developers’ Associations of India (Credai) have brought out a model draft for speedy approval of projects through a single-window clearance……………………………………..Full Article: Source

Draft realty Bill will lead to harassment,say developers

Posted on 25 November 2011 by Laxman  |  Email |Print

Terming the draft Bill to regulate real estate sector as a ‘Public Amusement and Developer Harassment Bill’, realtors today said government must come up with a comprehensive and efficient alternative. The government,however, said the proposed law is focused on ‘Aam Admi’ without targetting the builders.

“The Bill in the current form is nothing but ‘Public Amusement and Developers Harassment Bill’,” Confederation of Real Estate Developers’ Association of India (CREDAI) President Lalit Jain said………………………………………Full Article: Source

India: Real estate players such as DLF & Unitech build hopes on FDI in retail decision

Posted on 25 November 2011 by Laxman  |  Email |Print

The government’s decision to allow 51% foreign direct investment in multi-brand retail and increase FDI limit in single-brand retail to 100% comes as a whiff of fresh air for the real estate sector, which has been battling slow sales and rising debt for almost two years now.

The cabinet’s decision on Thursday may not make a big impact in the short-term, but it is expected to prompt real estate players who had either shelved or slowed down their plans to build malls and shopping complexes over the past few years, to revive their plans………………………………………Full Article: Source

China: Bond proceeds seep into property

Posted on 25 November 2011 by Laxman  |  Email |Print

Almost 60 percent of the Chinese companies that sold bonds in the past six months invested in the property market, undermining government efforts to limit real estate fundraising and curb inflation.

Out of 121 companies that filed bond prospectuses since May with clearinghouse Chinabond, 74 count one of their main businesses as real estate, have property subsidiaries or invest in the market………………………………………Full Article: Source

U.S. commercial-property: Sluggish growth expected for values

Posted on 24 November 2011 by Laxman  |  Email |Print

It is going to be a tough slog for the commercial-real-estate industry, says Moody’s Investor Service. U.S. commercial-property values overall are expected to see sluggish growth in coming years, even dropping some next year. By 2015, the firm projects that office values will rise just 1.3%.
The restrained outlook comes as job growth has been slow, hundreds of billions of distressed commercial mortgages are coming due and landlords must sign leases in a relatively low-rent environment………………………………………..Full Article: Source

US: Housing prices won’t recover until 2013: Economists

Posted on 24 November 2011 by Laxman  |  Email |Print

Sam BullardU.S. home prices will stagnate through next year and only start recovering in 2013, according to economists polled by Reuters who also felt the stimulus options being floated will not do much to reinvigorate the market.
The housing market, considered by many as critical to any meaningful economic recovery, is still struggling to find its footing after collapsing by a third over the past several years, leaving many owing more than their homes are worth………………………………………..Full Article: Source

Mortgage rates in the U.S. decline with 30-year loan at 3.98pct

Posted on 24 November 2011 by Laxman  |  Email |Print

U.S. mortgage rates declined, sending long-term borrowing costs to the second-lowest level on record after an unexpected increase in home sales.
The average rate for a 30-year fixed loan dropped to 3.98 percent in the week ended today from 4 percent, Freddie Mac said in a statement. It reached 3.94 percent last month, the lowest in Freddie Mac records dating to 1971. The average 15-year rate fell to 3.30 percent this week from 3.31 percent, according to the McLean, Virginia-based mortgage-finance company………………………………………..Full Article: Source

Is it time to sell your European property?

Posted on 24 November 2011 by Laxman  |  Email |Print

If the euro weakens further then your property will be worth a lot less in pounds. Should those who own holiday homes in Spain, Greece and Italy be looking to sell up, as the crisis engulfing the eurozone deepens?
Thousands of Brits own a second home in the countries hardest hit by debt problems. France and Spain remain the most popular destination for those with an overseas property, but an increasing number of people now own property in Greece, Italy and Portugal………………………………………..Full Article: Source

Property industry slams EU financial transactions tax

Posted on 24 November 2011 by Laxman  |  Email |Print

Property lobbyists are set to do battle with the European Union amid growing fears it may try to impose a tax which would undermine the benefits of Real Estate Investment Trusts (REITs).
The British Property Federation (BPF), EPRA, INREV and AREF have united in a bid to stop the proposed financial transactions tax (FTT) from being applied to REITs and real estate funds. Industry concern is centred on the wide-ranging definition of financial institutions to which the tax would apply. At present, this includes alternative­ investment funds and their fund managers………………………………………..Full Article: Source

Pre-crisis property fund structures ‘no longer fit for purpose’ – PwC

Posted on 24 November 2011 by Laxman  |  Email |Print

Pre-crisis property fund structures developed in the boom years are no longer fit for purpose in the post-crisis environment, according to PwC.
The firm’s survey of 30 European vehicles claims new types of funds designed for specific kinds of investors will emerge with the market recovery, including arrangements that “blur the boundaries between what was traditionally regarded as the fund and what was traditionally regarded as a segregated account”………………………………………..Full Article: Source

It doesn’t matter what the government does - UK house prices will fall

Posted on 24 November 2011 by Laxman  |  Email |Print

The government’s latest plan to prop up the UK property market has been criticised by almost everyone. And rightly so. Encouraging lenders to give first-time buyers 95% home loans is downright immoral in the current climate.
There’s a reason that lenders require big deposits and are reluctant to give people money just now – it’s because they think house prices are more likely to fall than to rise………………………………………..Full Article: Source

UK: Housing market may not recover from financial crisis

Posted on 24 November 2011 by Laxman  |  Email |Print

Owning a home could be put further out of reach for many Britons as the Bank of England has warned the housing marketing is unlikely to recover from the financial crisis.
Bank of England Monetary Policy Committee member David Miles said there is a possibility that house prices will not return to the pre-recession levels a banks are more reluctant to provide loans, according to The Telegraph………………………………………..Full Article: Source

Turkish property prices climb

Posted on 24 November 2011 by Laxman  |  Email |Print

The value of residential real estate assets in Turkey has risen, new research shows. According to the REIDIN.com monthly property index for the nation, the worth of homes increased by an average of 0.81 per cent in October, compared to September.
Izmir saw the biggest price hike in this period at 1.53 per cent, while Istanbul also topped the average figure with a jump of 0.88 per cent in its real estate values………………………………………..Full Article: Source

MENA home finance market set for double digit growth

Posted on 24 November 2011 by Laxman  |  Email |Print

The MENA population is growing at a rate of 2.1%, which is high in comparison to world population growth; and with approximately 60% of the population under 25 years of age, home ownership demand is huge.
Regional Governments in the post-Arab Spring era will be increasingly focused on housing and we believe that the market is likely to witness double digit growth over the next few years provided regulations evolve quickly to address the affordable housing segment,’ said R Lakshmanan, CEO of Sakana Holistic Housing Solutions……………………………………….Full Article: Source

India: Property prices go down across 9 cities in September

Posted on 24 November 2011 by Laxman  |  Email |Print

The National Housing Bank’s Residex, which tracks residential property prices across 15 cities, has shown a sure sign of demand slowing. Property prices in nine cities dropped in the September quarter, while two cities experienced falling prices in the previous quarter.
The number of cities with property rates rising was down to six in the second quarter, against 12 earlier, according to the NHB index………………………………………..Full Article: Source

Housing prices up in Mumbai, Chennai and Pune in Q2: NHB

Posted on 24 November 2011 by Laxman  |  Email |Print

Prices of residential properties shot up significantly in six cities, including Pune, Chennai and Mumbai, while there was a decline in nine during the second quarter 2011-12 year-on-year, the National Housing Bank said.
As per the NHB’s Residex index for the July-September quarter, residential housing prices in Pune went up by 13 percent year-on-year, followed by an increase of 9 percent in Chennai and 7 percent in Mumbai. NHB is the housing finance regulator………………………………………..Full Article: Source

Hong Kong’s hot market in ‘haunted’ houses

Posted on 24 November 2011 by Laxman  |  Email |Print

With the local property market showing signs of cooling, almost every angle is worked to increase yields, and a trade in so-called haunted houses is now a visible feature of the market.
“There are a group of people that go around and bid on them,” explains Eric Wong, a realtor with Hong Kong’s Squarefoot.com.hk. “Chinese people, especially in Hong Kong, don’t like houses where something unfortunate has happened………………………………………..Full Article: Source

Singapore: Office property market loses appeal as investment: DTZ

Posted on 24 November 2011 by Laxman  |  Email |Print

Singapore’s office property market has lost its appeal as an investment, according to real estate firm DTZ. DTZ said demand for office space has declined, and the sector is now considered “cold”.
It defines “cold” as property that is more than 5 per cent overpriced, with potential yield below expectations………………………………………..Full Article: Source

Malaysia’s Pavilion Reit prices $228 mln IPO

Posted on 24 November 2011 by Laxman  |  Email |Print

Malaysia’s Pavilion Real Estate Investment Trust is set to raise M$710 million ($228 million) from its initial public offering after fixing the price at the top of the range at M$0.90 per unit for institutional investors, according to sources.
The retail tranche, which accounts for 4.4% of the deal, was priced at M$0.88 per unit………………………………………..Full Article: Source

Nomura in talks to sell real estate arm: report

Posted on 24 November 2011 by Laxman  |  Email |Print

Nomura Holdings Inc has started talks to sell domestic businesses including its real estate arm, the Financial Times reported, as Japan’s top brokerage rushes to beef up cash in an ailing stock market.
Nomura was considering the sale of Nomura Real Estate Holdings Inc and its consulting arm, Nomura Research Institute, the newspaper said on Tuesday, and was in preliminary talks with private equity buyers………………………………………..Full Article: Source

Convertible yuan bond fund targets Aussie property

Posted on 24 November 2011 by Laxman  |  Email |Print

Asian investors will soon be able to buy a yuan-denominated convertible bond targeted at Australia’s commercial and residential property sector.
Meeting the increasing appetite for “dim sum” bonds, Agincourt Capital plans to raise the equivalent of US$500 million in renminbi in the next six to nine months before tapping investors for another US$500 million in 2013………………………………………..Full Article: Source

Breathing life into Aussie property

Posted on 24 November 2011 by Laxman  |  Email |Print

With the ability to now get three-year fixed-rate home loans for 5.99 per cent, and 6.39 per cent variable-rate loans, there is understandably excitement brewing about the prospect of a recovery in the Australian housing market.
If the financial markets are right, and the RBA cuts rates another six to seven times by the middle of next year, we will get a very healthy rebound indeed. But in terms of actual near-term data flows, don’t expect too much, too soon………………………………………..Full Article: Source

November 2011
M T W T F S S
« Oct   Dec »
 123456
78910111213
14151617181920
21222324252627
282930