RBA April meeting
RBA April meeting Australia's new housing investment properties positive signs
At their April meeting, The Reserve Bank of Australia (RBA) has noted that Australia's New Housing market has continued to improve with increases again over March, to be 4¼ per cent above mid-2012 and that auction clearance rates had moved higher and there were signs of stronger growth in housing loan approvals.
The RBA's minutes said - "Over the past few months, housing loan approvals had picked up for both owner-occupiers and investors, and stronger conditions in the established housing market more generally were expected to support moderate growth of dwelling investment this year.
The RBA's also noted that home builders suggested that demand for new housing had been positive with a rise in activity reported in most capital cities.
The economy is obviously responding well to the historically low levels of interest-lending rates and it's likely that this would remain through 2013 which is good news for investors and the construction industry.
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