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Australia: Property to bounce back in 2012

Posted on 19 January 2012

Australia’s property market will return to positive territory on the back of last year’s interest rate cuts, it has been predicted. According to a recently released report by the Housing Industry Association (HIA), Australia’s property market defied the doomsayers last year – softening rather than crashing – and 2012 should see a return to growth.
“Another year has passed with portents of doom and gloom regarding residential property prices yet again proving incorrect,” says the report………………………………………..Full Article: Source


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