05.04.2013 - Australian housing market on a knife's edge, says industry spokesgroup

The number of dwelling approvals increased by 3.1% in February, according to ABS figures released yesterday, but one industry spokesgroup says this only goes to show Australia’s housing market remains on a ‘knife’s edge’. Master Builders Australia chief economist, Peter Jones, says the headline increase in dwelling approvals gives a false picture of a housing recovery, despite the fact private sector houses rose 0.5%...............................................Full Article: Source

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