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Australia: Property becalmed as financial storms rage

Posted on 31 July 2012

When Reserve Bank governor Glenn Stevens says property prices aren’t about to pop, then that’s that. Trouble is, they’re not about to hop, either. What he didn’t say the other day was that property will be a good investment any time soon.
In fact, only six weeks ago he was saying the Reserve had no intention of lifting home prices or seeing another bubble, a message that somehow missed the front page. Property values have apparently stabilised, having fallen an average 5 per cent to 10 per cent from their peak before the GFC, which is far better than the sharemarket has done, as I’m sure you’ve noticed………………………………………..Full Article: Source


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