20.12.2012 - Australia: Real estate's best of the best
Houses going for free, multimillion-dollar hovels, mansion fire sales by the dozen, and rates heading to zero. Bargain hunting and runaway extravagance set the buying extremes for this year's property market. A two-tier real estate sector emerged as investors embraced low rates and returned to bricks and mortar but cautious owner-occupiers continued to hold off selling, and first-home buyers stayed on the sidelines. Record low interest rates and consumer jitters created a house divided...............................................Full Article: Source
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