July 2012 – Who crashed the economy?

Buyers remain on strike, the “property industry’s worst nightmare”

July 31, 2012 admin 8

Vested interests may be spreading the word of rising house prices as a ploy to encourage buyers into a soft market, but data released from the Reserve Bank of Australia today show potential owner occupiers remain firmly on strike. Growth in housing finance in the 12 months to July trickles …

The Lucky Country’s Housing Industry is in Crisis

July 24, 2012 admin 19

The Sydney Morning Herald reported on a Housing Industry in crisis yesterday with more than 363 companies from the building industry hitting the wall since January 1. The Herald’s Adele Ferguson writes “What is even more alarming is the trend seems to be getting worse, with 30 building companies failing …