July 21, 2011 – The Australian Property Market is on the edge of pitfall as downward pressures continue to hit the Industry. This is basically attributed to a property bubble which leads the cycle on the upward risk – commonly called as “base effects” which is a natural tendency to occur. Cited indicators of the depression include the hikes on property costs such as residential houses, construction materials, loan interest rates, together with narrowed investments. However, fluctuations on the market is most likely to occur before it tapers off to a more visible downward trend.
Below is an image from Grant Elevators on what’s happening to the Construction Industry in Australia. As Home builders are becoming more concerned about it.
Source: Grant Elevators
