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Residential property market to outperform bonds and cash for first time in five years: Oliver

Posted on 31 January 2013

The residential property market appears to have bottomed out and is set for a “mild cyclical recovery” over the next 12 months” says AMP Capital Investors chief economist Shane Oliver. Oliver anticipates only short-term gains in property prices in the range of 5% to 7% over this period as “buyers remain cautious about taking on excessive debt, particularly as job insecurity remains high”.
But he expects the property market to outperform both the bond market and what’s available through cash deposits - a reverse of the performance of these markets over the past five years………………………………………..Full Article: Source


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