15.06.2012 - Australia: "Long, slowish recovery for property": John McGrath
Australian housing prices are unlikely to rise in winter despite an increase in buyer enquiries, says McGrath Estate Agents chief executive John McGrath, who is forecasting a "long and slowish recovery" over the next three to five years. In his latest winter market review, McGrath, notes that in March, "the country's largest mortgage broker, AFG, had its second biggest month ever in NSW since their index commenced in 2004 with $842 million in new lodgements"...............................................Full Article: Source
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