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Australia: Real estate’s best of the best

Posted on 20 December 2012

Houses going for free, multimillion-dollar hovels, mansion fire sales by the dozen, and rates heading to zero. Bargain hunting and runaway extravagance set the buying extremes for this year’s property market.
A two-tier real estate sector emerged as investors embraced low rates and returned to bricks and mortar but cautious owner-occupiers continued to hold off selling, and first-home buyers stayed on the sidelines. Record low interest rates and consumer jitters created a house divided………………………………………..Full Article: Source


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