Australian real estate market a clear ‘Front Runner’ in 2010 according to Scotia Economics

29 December 2010 | 2 minutes read

Scotiabank has issued a year-end review and outlook for global real estate in which it states that Australia is a clear ‘front-runner’ in 2010. The report explains that demand is being supported by low unemployment, while tight housing supply is adding to the upward pressure on prices. Consecutive interest rate increases by the Reserve Bank of Australia totaling 175 basis…

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