Property A Silver Lining Amid Dull Forecast
Writing a piece for the website Your Investment Property, Miriam Bell throws light on the rather dull forecast for Australia’s economy. Amongst the bleakness, property market will present a silver flash of hope.
Since the recession of early 90s, economy will head towards its bleakest 4-year period. Poor growth of employment will stifle domestic demand even as a 3% GDP will just about salvage the situation.
High-trading Aussie dollar hinders growth in a big way, says Bell. Non-resources sectors will piggyback on correction in dollar but such a situation may unfold only about 12 to 18 months from now.
You can read the original article here.