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Picking the bottom a tough call
19-November-08
Written by Janelle Macri
CALLING the bottom in any bust cycle is always highly contentious, even more so in the context of the current global economic crisis.
But a growing number of developers and analysts are weighing in on the debate, as signs emerge of a recovery at the lower end of the market in Western Australia.
Developers say there has been an upturn in the first homebuyer market in the past month, with a significant increase in enquiries and sales.
One of the state's biggest residential property developers, Nigel Satterley, believes the lower end of the market is beginning to bottom out, with prices unlikely to drop much further.
Article continues...
19-November-08
Written by Janelle Macri
CALLING the bottom in any bust cycle is always highly contentious, even more so in the context of the current global economic crisis.
But a growing number of developers and analysts are weighing in on the debate, as signs emerge of a recovery at the lower end of the market in Western Australia.
Developers say there has been an upturn in the first homebuyer market in the past month, with a significant increase in enquiries and sales.
One of the state's biggest residential property developers, Nigel Satterley, believes the lower end of the market is beginning to bottom out, with prices unlikely to drop much further.
Article continues...
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