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Stable outlook for Australian housing market but no price gains in 2013: Fitch

Posted on 09 January 2013

The Australian housing market is expected to be among the more stable global markets in 2013 but house prices won’t rise, according to forecasts from credit rating agency Fitch. Fitch‘s most favourable house price outlooks are for Germany, Australia and the US, which is “finally expected to turn a corner in 2013″.
“Fitch expects stable house prices [in Australia] in 2013, although some areas may still continue to decline,” says the credit rating agency in its latest Residential Mortgage Briefing………………………………………..Full Article: Source


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