An Interesting economic update as it applies to Australian residential property from RP Data. Whilst there are encouraging signs of recovery with clearance rates and valuations improving it remains patchy across the capital cities.
Historically low interest rates are assisting affordability and in turn activity but it will be interesting what effect the continued high household indebtedness has when interest rate settings are increased to more normal levels as the economy improves.
|Tags: News Wealth Creation|
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