The Property Observer came up with a survey for its readers as to whether in their minds there really is a property bubble. 44.4% of the respondents said yes, with 33.3% saying no and a 13.9% saying that there is no bubble – as of yet.
But experts weigh on the issue with caution, as there are mixed speculations of a looming bubble or a strong market recovery. It is interesting to note though, that amidst all these talks, there are key facts that indicate that the Australian economy is recovering and avoiding a property bubble, as pointed out by Terry Ryder of the Property Observer: Foreign investments have been constantly growing, the construction resource projects total to $268 billion, the new Government’s drive to reduce cost in mining, among others.
Read about what the experts have to say on the Property Observer website.