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Australia: Chief economist says housing investment’s back in fashion

Posted on 07 February 2013

AMP Capital’s chief economist, Shane Oliver, says residential property is still a solid choice for investors, but places it second to the share market in predicted medium-term (five-year) returns.
Oliver says that, for the past five years, bonds and cash have been ‘the place to be’ and that while yields on bank deposits have been single digit, they’ve still been higher than returns from both shares and residential property. Now, Oliver says, things have changed, signalling good news for those working in the property market………………………………………..Full Article: Source


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