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The downturn in Australia's housing market has real estate types researching the U.S. circa 2007...

The downturn in Australia's housing market has real estate types researching the U.S. circa 2007 for cliches with which to lure customers. "It's definitely a buyer's market," says an agent as the number of homes available in Melbourne doubles while the pace of sales drops. "We are likely to see considerable price falls," counters a research group.
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Comments (3)
  • User 509088
    , contributor
    Comments (1229) | Send Message
     
    crikey! slip me a round trip ducat twice a year and i'm yer bloke, mate!
    16 May 2011, 04:43 PM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Hmm! Australian economy is good and unemployment is good, but housing market is down. It does not make sense to me. But again I am not Australian.
    16 May 2011, 05:14 PM Reply Like
  • bob adamson
    , contributor
    Comments (4559) | Send Message
     
    The two following articles illustrate the cumulative effect in Australia of a stalling demand for commodities paced by constraints in the Japanese and Chinese economies and, earlier overstimulation of the housing market bases on historically how interest rates over the past three years and imminent hard choices between rising interest rates or rising inflation (or both).

     

    www.theaustralian.com....

     

    www.heraldsun.com.au/b...

     

    Hopefully Canada will not experience the same bind.
    16 May 2011, 11:22 PM Reply Like
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