What happened to the housing recovery? It was very short lived...

  1. YChromozome
    487 Posts.
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    15/11/12
    19:49
    Post #: 11006790

    What happened to the housing recovery? It was very short lived considering the cash rate is still only 3.25%

    Or has RP Data scaled down the figures because the RBA failed to cut rates on Melbourne Cup Day, trying to force their hand?

    http://www.macrobusiness.com.au/2012/11/rp-data-november-housing-market-update/

    House prices down 1.0% in the month of October.

    Adelaide recorded a plunge of 2.4%
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