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Australia: Hope for housing: First-home market set for recovery

Posted on 14 November 2011

Australia’s struggling first-home market finally looks set for recovery as buyers regain confidence in the property and financial markets. Falling house prices in each capital city and in regional areas as well as a cut in lending interest rates are expected to spearhead renewed activity.
A savage slump in first-home loans fuelled by a flood of government incentives during the global financial crisis caused loan numbers to plunge 30 per cent below their long-term average. However, latest research suggests a return in demand is on its way………………………………………..Full Article: Source


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