| 16.08.2011 - US economist predicts housing prices to fall 60pct but local analysts say market resilient |
| The poor performance of the local property sector has been dealt another blow by an economist who says that Australian property is as much as 60% overvalued and could see the same type of crash that occurred in Japan over 20 years ago. Those comments come alongside predictions from bankers and analysts that the Reserve Bank will hold off from raising interest rates when it meets again next month..............................................Full Article: Source |