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Has the Australian housing market hit a wall?

Posted on 17 May 2011

The bad news keeps coming for the Australian housing market. esterday, data from the Australian Bureau of Statistics showed the number of new owner-occupier housing loans fell by 1.5% in March, versus expectations of a 2.4% rise.
The 44,968 new loans sold in March was the lowest result since March 2001, leading CommSec economist Craig James to comment that “the housing sector has well and truly come off the boil”……………………………………….Full Article: Source


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