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Article: BRIEFING - ASIA REAL ESTATE - SEPT 29, 2009.
- Article from:
- AsiaPulse News
- Article date:
- September 29, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on real estate for Sept 29, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
RBA SAYS RISING HOUSE PRICES HURT AUSTRALIA'S LOWER INCOME GROUP
SYDNEY - Rising house prices and rents are not making the country any richer and are leaving lower income households vulnerable, the Reserve Bank of Australia (RBA) says.
RBA head of economic analysis department Tony Richards said on Tuesday that Australia was at risk of moving towards "undesirably strong growth" in housing prices that is not being matched by housing ...