17.11.2011 - Australia: Buyers exit market amid housing squeeze
The proportion of people planning to buy a property in the next year is at its lowest since the start of the global financial crisis, a national survey has found. Not since official interest rates were almost 3 percentage points higher have so few Australians been planning to buy a home. A regular survey of 900 people by the Commonwealth Bank and Mortgage and Finance Association has found that fewer than 17 per cent of people are planning to buy over the next year............................................Full Article: Source
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