17.10.2008 - Australian house prices unlikely to slump
From Homesworldwide.co.uk: The chief economist at ANZ Bank, Saul Eslake, has provided a ray of sunshine for property owners with his bold pronouncement that Australia is unlikely to experience an across-the-board fall in house prices as has occurred in the United States. While some particularly bearish economists have tipped local house prices falling between 30% and 40%, Eslake says concerns about how high house prices are relative to income are out of perspective..... Full Article: Source
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