Is Residential Real Estate Still a Safe Investment in Today’s Economic Climate?
I’ve just read something interesting I thought I’d share with you.
It’s the latest report on Residential Property Prospects – 2008 to 2011 from the leading economic forecaster BIS Shrapnel.
House prices are tipped to rise in this new financial year due partly to the fastest population growth Australia has experienced in decades. This increase in growth has even outweighed the effects of recent interest rate rises.
The report said our residential property markets would experience marginal growth in prices in 2008/09 as the population was expected to increase by 1.5 per cent, its highest level since the late 1980s. (more…)




