| According to BIS Shrapnel's 'Residential Property Prospects, 2011 to 2014' report, the Australian residential market was hit by a perfect storm in 2010/11. This included a fall in first home buyer numbers, a corresponding fall in demand from the 'upgrader' category, increases in interest rates and stalling economic conditions.
Despite the perfect storm, which saw a decline in median house prices in many capital cities in the year to March 2011, BIS Shrapnel doesn't expect a property price crash...............................................Full Article: Source
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