House prices in major cities were at risk of a damaging fall and required “close observation”, according to the Reserve Bank minutes released on Tuesday.
“Housing prices were continuing to increase in the larger cities and members considered that the risks associated with this trend warranted ongoing close observation,” said the minutes, compiled during the Reserve Bank’s meeting in Adelaide on September 2.
Read more: http://www.smh.com.au/business/property/rba-uneasy-about-risk-of-fall-in-city-house-prices-20140916-10hn9l.html#ixzz3DZVVazqb
DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.