The Age --- Page: A12 : 4 January 2007 Original article by Katherine Field
ABIX Summary
The Real Estate Institute of Australia expects further deterioration of the housing market in the eastern states in 2007. These markets will be affected by declining loan affordability and diminished demand. Darwin and south-east Queensland are expected to record the most growth. Interstate migration and strong commodity prices will support the Queensland market. It is also anticipated that the Perth market, Australia's fastest-growing in 2006 with a 38.7% rise in prices, will have limited growth in 2007.
