|
PROFILE - AUSTRALIA'S HOUSING INDUSTRY (OCTOBER 2002).
Publication: AsiaPulse News Publication Date: 31-OCT-02 |
|
|
|
How to access the full article: Free access to all articles is available courtesy of your local library. To access the full article click the "See the full article" button below. You will need your US library barcode or password.
|
|
|
COPYRIGHT 2002 Asia Pulse Pty Ltd
By Bernard Lim
*****************************************************
A PROFILE OF AUSTRALIA'S HOUSING INDUSTRY
PREPARED BY ASIA PULSE ANALYSTS (UPDATED OCTOBER 2002)
****************************************************
OVERVIEW:
The Australian housing market appears to have run out of puff after its recent strong upward trend.
Economists said investors rather than owner occupiers seem to be propping up the market.
They also noted that investor approvals seem to indicate a growing housing market bubble.
Data from the Australian Bureau of Statistics (ABS) show that the finance of construction of new dwellings slumped 12.6 per cent in August after a 9.2 per cent jump in July.
The ABS said housing finance slipped 0.7 per cent in August after a 1.6 per cent fall in the previous month.
OUTLOOK:
Economists said that investors are the ones responsible for the sharp building approvals increase.
Building...
Read the full article for free courtesy of your local library.
|
|
|
|
 |
| More Articles from AsiaPulse News |
STOCKS - JAKARTA SHARES END LOWER - OCT 30, 2002.
October 30, 2002
|
JAPAN GOVT TENDER - VEHICLES.
October 31, 2002
|
STOCKS - TAIWAN SHARES CLOSE HIGHER - OCT 31, 2002.
October 31, 2002
|
FOREX - US DOLLAR DOWN AGAINST NEW TAIWAN DOLLAR - OCT 31, 2002.
October 31, 2002
|
BRIEFING - ASIA FOREX - OCT 31, 2002.
October 31, 2002
|
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
