21.09.2011 - Australia: House market marking time

Investors have fled the property market as house prices across Australia are falling. Loans being taken out by investors have tumbled in line with fewer sales, and property experts say the market will remain weak this year and next, with some of the biggest falls expected in Melbourne. Rises in official interest rates, slowing population growth and unaffordable housing have all combined to hold back the Australian property market..............................................Full Article: Source

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