Hi People,
So I read from the news and probably most of all know it that recently there is no sign of positive growth in the Australian housing market, this can be seen from the following official news:
RBA Chief G. Stevens said that property investing is no longer profitable and the reason he cut the interest rate down is for helping the household mortgage payment:
and this news also shows that the real estate industry suffering -5.3% downturn:
What's your comment about the current situation ?
So I read from the news and probably most of all know it that recently there is no sign of positive growth in the Australian housing market, this can be seen from the following official news:
RBA Chief G. Stevens said that property investing is no longer profitable and the reason he cut the interest rate down is for helping the household mortgage payment:
Code:
http://www.heraldsun.com.au/money/property/rate-cuts-not-aimed-at-house-prices-rba/story-fnbpe2tv-1226389116197
and this news also shows that the real estate industry suffering -5.3% downturn:
Code:
http://www.yourinvestmentpropertymag.com.au/news/australian-property-values-drop-129808.aspx
What's your comment about the current situation ?