Tuesday, June 28, 2011

Growth or Bust?

"Potential home buyers hoping for Brisbane's property market bubble to burst may have to wait another three years, says a leading economic forecaster. BIS Shrapnel has predicted the market will turn around this financial year with an impending mining boom, but warns aggressive interest rate rises could see property prices fall in 2014. BIS Shrapnel analyst Angie Zigomanis said Brisbane's median house price was tipped to increase 15 per cent from $440,000 to $505,000 over the next three years."

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