Queensland Music Festival

Property Bubble First home buyers are leaping aboard a sinking ship, with house prices set to fall about 20 per cent in the next two years, an Australian National University economist says. The "property bubble" is about to deflate and first-timers, encouraged through government grants to buy at the top of the market, could be over-committed when hit by job losses and, later, higher interest rates.

Australian Employment Outlook...

UNESCO has named Melbourne as its second City of Literature. Edinburgh became the first in 2004. http://www.theage.com.au/national/melbourne-hooks-the-books-20080819-3y9b.html?page=-1


Holmes thriller to be shot in Melbourne THE next starring role for Katie Holmes, wife of superstar Tom Cruise, will take place in Melbourne. The thriller Don't be Afraid of the Dark will start filming at the Docklands film studio in the next few months. http://www.theage.com.au/national/holmes-thriller-to-be-shot-in-melbourne-20090507-awrf.html...

Whose analysis to believe regarding property prices and rents...?


“Property crashes as first-quarter homes sales, prices and clearances crash”


http://www.theaustralian.news.com.au/story/0,,25330870-25658,00.html


“Tight supply bolsters keeps house prices stable: RBA”....


http://business.theage.com.au/business/tight-supply-props-up-house-prices-20090415-a6n5.html

But the good news...........

Following is latest on economic, property, real estate prices employment outlook etc. brought to you by AIEC Australia

Australian consumers seeing the bright side after rise in confidence A BIG jump in consumer confidence and a return of buyers to the housing market are raising hopes that Australia will avoid the worst of the global downturn.Consumer confidence is almost back to normal levels, while housing finance is climbing back towards the record touched in mid-2007.
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