Business
Why now may be a good time to invest in property – The Australian Financial Review
The RBA and the banks are working together to get cheap money to businesses, families and state governments to galvanise the recovery, writes Christopher Joye.
Consensus expectations have centred on much larger price falls of between 10 per cent and 30 per cent nationally.
The resilient local housing market performance correlates with what is happening overseas. On the back of cheap money, house prices have been climbing in recent months in the US, UK and Canada, and flat-lining in New Zealand.
With term deposit rates below 1 per cent and mortgage rates only 2.5 per cent, the investor market should start showing signs of life given the opportunity to…
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