The United States of Australia

With the release of US new-home sales on Friday night recording another disappointing 1.6% drop (overall nearly 7% since December) the question must be asked, are the US and Australian property markets moving in-sync? While the US economy is in recovery mode the housing sector is dragging the chain. Our own property market has been slow to respond this year (although some suggestion there  is momentum building). Are there substantial parallels in the economics of our property market’s recovery? More…

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