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Australia: Home prices to avoid a ‘wholesale’ drop: ANZ

Posted on 13 May 2011

Australia’s home prices may well hover for the rest of this year but a “wholesale downward shift” in values was unlikely, according to an ANZ report. The bank’s latest Pan-Regional Housing Outlook argues Australia’s buoyant economy and tight housing market will continue to keep house prices steady.
The strong labour market and skills shortage will put upward pressure on wages and, as a result, “forced” selling of homes will remain at low levels, the report said……………………………………….Full Article: Source


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