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Australia: As the mining boom ends, the housing boom begins

Posted on 04 October 2012

Amid the now regular commentary on fragile international financial conditions, and some genuine concerns about slow credit growth and the state of the domestic employment market, two things stood out in the the Reserve Bank (RBA) governor’s post-meeting statement yesterday.
The first, and most widely discussed by the financial press and commentators, is Glenn Stevens’ fresh assessment of the mining boom, or end thereof. “The peak in resource investment is likely to occur next year, and may be at a lower level than earlier expected,” he cautioned………………………………………..Full Article: Source


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