Global attention on Aussie property

As the United States Senate last night voted in favour of legislation to raise the debt ceiling by a further $2.4 trillion in exchange for $2.1 trillion of Federal spending cuts over 10 years, on the Australian front equity investors are shifting attention back to property, according to Queensland University of Technology professor of property economics Chris Eves.

After last night’s decision to raise the ceiling debt further the Australian stockmarket today saw around a $30 billion drop following the falls in the US indicating that investor confidence had not risen as expected but had instead plunged.

“There’s still a lot of concern about the equities market and what traditionally happens after a big fall like that is the interest shifts back to the property market,” Eves said.

Australia is increasingly being seen as a desirable nation to invest in as nations like the US plunge further into “doom and gloom”, said Eves. He said this factor alone could help prop up the Australian housing market.

Read more from the original article here.

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About davidcutlerproperty
David Cutler is a highly successful sales consultant at Gary Peer Caulfield. David provides clients with six star service customised to their individual needs. From formulating marketing strategies, through to completing contracts, he is diligent, dedicated and highly motivated to achieve the best results. His growing base of happy clients is testament to his ability to develop strong relationships based on mutual respect and integrity. When he is not busy selling property David spends quality time with his young family. And when time permits he also enjoys on and off road cycling and is an avid fan of rugby union’s Springboks.

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