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Real Estate Briefing - Categorized | Finance, Market Moves more

Australia: Property market still sluggish despite interest cuts

Posted on 15 November 2011

Data from the state’s land registry office shows Perth property activity has slumped to 1990 levels. October figures for sales and transfers of all types of property are down seven per cent on September, and are also down seven per cent on the same period last year.

Landgate chief executive Mike Bradford says while he did not expect a rebound to the highs of 2005-2006, he is surprised by the results. “At the moment we’re operating at 1990 levels of activity which is extraordinarily low,” he said………………………………………Full Article: Source


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