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Australia: Investors bolster property markets

Posted on 22 April 2013

Improved affordability coupled with low interest rates has prompted an investor resurgence in Australia’s housing market, which has experienced its strongest start to the year since 2010.
The mediocre offer by banks on cash deposits has helped the recovery for real estate, according to Australian Property Monitors economist Andrew Wilson, who says this has seen a boom at the bottom and middle end of the market. Sydney is close to record clearance rates, last week hitting 75.6 per cent, up from just 57.8 per cent during the same period last year………………………………………..Full Article: Source


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