It's a hot day. Need some amusmement ? It doesn't get better than this. The endless rehash of the same rubbish. But read the title - Housing is still a safe investment.
Hmmmmh....did some express doubt ?
Why "STILL" - has anyone question that it is no longer ?
Why "SAFE" - has safety even been an issue in the ever robust australian property market where we know as a undeniable fact that house prices go up 10% a year.
RENOVATORS delight, cheap and cheerful, sleek and modern or million-dollar mansion? Whatever your heart desires and your wallet can accommodate, Gympie has the home for you and things are looking good for real estate in 2010.
Property owners will continue to see the value of their homes grow in 2010, says Australian Property Monitors (APM).
APM reports that house prices across the nation already exceed pre-global financial crisis levels with Sydney and Melbourne leading the recovery.
Property owners will continue to see their investment grow and that growth is expected to continue well into 2010, APM said.
The phasing out of the first home owners grant boost had barely impacted the lower end of the housing market in the last quarter of 2009.
Furthermore, rising interest rates were not expected to affect prices until late 2010 or possibly 2011.
APM economist Matthew Bell said the best opportunities for new buyers or investors to find affordable options were in Queensland and Western Australia.
Queensland and Western Australias increased exposure to the downturns in both the resource and tourism sectors have meant that price recovery for both houses and units has trailed other states.
Meanwhile, another report by property information provider RP Data and funds manager Rismark International found Australias median dwelling price in all metropolitan and non-metropolitan markets was around $371,000.
Australian house prices were rising, despite the fact that deposit requirements and credit rules imposed by lenders today were the toughest in more than 15 years.
But Australias dwelling price-to-income ratio was 4.1, which implied that housing was not overly expensive by international standards.
