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Australia Property Market will boom in 2010
Kevin Fordham
This year of 2010 Australia real estate market will increase and get better, better than expected as status and percentage on the statistics and data in regards with the real estate industry are showing good this time.
According to the Australian Bureau of statistics that the number from 12,962 units in October has been increased up to 5.9 percent and the sum total was 13,724 units in November.
"Australia is going to be red hot in 2010. I know that this is November, 2009 data, but we have all the conditions to see a very strong housing market - low interest rates, we saw 100,000 jobs created in the last few months, and a housing shortage" told by Adam Carr of ICAP.
However even the statistics show positive results, analysts are also aware that it might increase the rate from the RBA which is the country's central bank.
Source: http://realestate.blogs.ozfreeonline.com/australian-real-estate-news/australia-property-market-will-boom-in-2010/
1/19/2010
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