Our housing markets are in the early stages of a cyclical upturn which likely to continue throughout 2014 and 2015, buoyed by low interest rates (even though there may be an increase in rates late in the year) and increasing consumer confidence as the media keeps reminding us that some properties are increasing in value by $1,000 a week.
This will be supported by continued population growth that could see our numbers swell by another 500,000 people in the next 15 months at a time when supply just can’t keep up as shown in the following graph.
Shanghai (AFP) - A Chinese suitor who gave his future bride an auspicious 8.88 million yuan ($1.5 million) in cash drew anger on Thursday for the extravagant display of wealth in the still-developing country.