Sun, Oct 26, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Emerging Trends, Residential property Watch more

Australia: Housing market recovery will take time, says RBA

Posted on 13 November 2012

The Reserve Bank of Australia has poured cold water on new home buyers expecting big increases in property prices. A senior Reserve Bank official said in a speech in Sydney today that although growth in new dwellings had trended downward alongside an uptick in population growth, a large increase in prices was unlikely.
More broadly, the subdued housing market will take time to gain traction, Jonathan Kearns, head of economic analysis at the RBA said. “Overall, it looks likely that dwelling investment will pick up at a relatively moderate rate in the medium term,” he said………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031