NEWS
Positive signs seen in Australian property market
The Australian property market is continuing to display some good signs of improvement, the minutes of this month's meeting of the board of the Reserve Bank of Australia have shown.
Commenting on the various aspects of the economy in the country, the board noted that "house prices had increased in almost all areas over recent months" and that "housing loan approvals were strong", adding that "overall housing credit had recorded solid growth".
The minutes follow this month's meeting of the board in which it decided not to trim the cash rate below three per cent.
Source: propertyshowrooms.com
Published: 22 July 2009
