FXstreet.com (Barcelona) - Today's Australia quarterly house prices measure was up 0.5% in Q2, first quarterly gain since late 2010. As NAB Senior Economist Markets Spiros Papadopoulos notes, "prices are starting to show some stability with an
additional expected interest rate cut expected to help further support prices in H2 2012."
Mr. Papadopoulos adds: "Some stability is starting to emerge in some cities after the 125bps cuts by the RBA since November 2011. Any additional interest rate cuts will act to further support prices around current levels, as will the improvement in rental rates, which will eventually entice more investors back into the market."
additional expected interest rate cut expected to help further support prices in H2 2012."
Mr. Papadopoulos adds: "Some stability is starting to emerge in some cities after the 125bps cuts by the RBA since November 2011. Any additional interest rate cuts will act to further support prices around current levels, as will the improvement in rental rates, which will eventually entice more investors back into the market."
