Residential - Strong fundamentals mean there is no Australian housing price bubble: ANZ
RP Data-Rismark reports in its latest findings that that nationally housing prices fell 0.2% in December 2011. Melbourne and Perth were the hardest hit, with Melbourne dwelling values down 0.5% and Perth values down 1.6% during the month. Sydney bucked the trend, with dwelling prices up 0.4% over the month.
Back to ANZ'z report......The bank forecasts house prices will remain on hold or fall slightly in 2012, but will not crash. This should reassure buyers looking for a greenlight to purchase this year...If you're looking for even more certainty, then call us!
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