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Publish date: 01-10-2009 23:18:17 | Contact Name: Earl | 123 times displayed
Official figures released at the end of september 2009 indicate that there are signs of strong recovery of the property market in New South Wales. Given that winter is traditionally the quiet time of the year in Real Estate sales these indicators are particularly encouraging. Compared to the same months in 2008 property sales have increased by a whopping 25% in NSW. The average homeloan is also on the rise, now sitting at just under $400,000 as an average in NWS.
The fears are now that the effects of the soon to be expected interest rate rise will slow down recovery and put addicitonal stress on already stretched household budgets in NSW.
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