The housing market in Australia has held up pretty well compared with countries such as the US and the UK, and the Australian market hasn’t fallen prey to the deterioration in lending standards that occurred elsewhere.
Archive for March, 2009
Central Bank Upbeat on House Prices in Australia
Fall in House Prices for Canberra and Perth
The December 2008 quarter housing and unit figures leave little doubt that the Australian residential property market is in trouble. Some capital cities have witnessed the largest price falls in years.