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Australia’s Home Price Slump Pits Local Bank Bulls Against Foreign Bears – Bloomberg

4 July, 2011

Australia’s Home Price Slump Pits Local Bank Bulls Against Foreign Bears – Bloomberg.

Interesting article – especially from a New Zealand perspective. The NZ property market has already experienced a correction and some areas are still facing flat or dropping property values, but there are now some ‘pockets’ in New Zealand where property prices are starting to increase on the back of some quite compelling economic and demographic drivers. With the NZ/Aus currency exchange rate significantly favouring Australia, NZ investment property must be looking increasing attractive to Australian investors. If you want a “local contact” to find out more about NZ investment property, then contact me directly or check out my website http://www.nzpbi.co.nz

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