| 21.10.2008 - Australia: Property shortage holds back first-time buyers |
| From Theage.com.au: Melbourne's property market might have to wait until the new year for a boost from the Federal Government's stimulus package as first home buyers armed with their grants face a lack of supply and increasing competition for homes. Real estate agents, banks, mortgage brokers and builders have noticed a spike in inquiries from prospective new home buyers but that had yet to translate into a leap in sales..... Full Article: Source |