17.05.2011 - Australia: Individuals are quitting the investment property market
Demand home loans has slumped to a decade low and spells further falls in house prices. he increasing imbalance in the housing market, with demand falling while the number of properties for sale surges, will put pressure on the Reserve Bank to defer the interest rate rises financial markets had expected could occur as soon as next month. The number of new home loans fell by 1.5 per cent in March and is now down by 12 per cent since the RBA and the big banks lifted their mortgage rates in November..............................................Full Article: Source
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