29.07.2010 - Australian property prices will rise 30pct

From Opp.org.uk: An undersupply in the Australian property market will force residential property prices up by 30% in the country according to Frank Gelber, chief economist at BIS Shrapnel. Quoted in the Sydney Morning Herald, Gelber said “we haven't got a bubble in our residential market. We're undersupplied, not oversupplied … [House] prices will go up another 30 per cent over the next three years.”.............................................Full Article: Source

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