Fri, Sep 19, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Market Moves, Residential property Watch more

Australia: Housing sector looks set for a recovery

Posted on 14 March 2013

Home loan approvals have fallen for the fourth consecutive month, but there are signs the housing sector will improve in 2013 as consumer confidence picks up. The number of home loans approved in January fell 1.5 per cent, but their value rose 2.4 per cent, the Australian Bureau of Statistics found.
However the outlook seems to be brighter with the Westpac/Melbourne Institute index of consumer sentiment, also released on Wednesday, hitting a two-year high in March. HSBC Australia chief economist Paul Bloxham said recent interest rate cuts by the central bank were yet to take effect on the housing market………………………………….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
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930