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1.Market Observations

22 Jan 2013 (The Age) – Interest rate cuts fail to lift frail housing

(22 Jan 2013, The Age, BusinessDay, p16, Simon Johanson)

‘HOUSING looks set for a subdued start to the year with builders dashing hopes that the sector will fill the hole left when the mining industry comes off the boil and with prospective home buyers cautious in the face of rising unemployment.’ <snipped…>

‘ ”The most disturbing finding from this quarter’s survey is that builders’ profits are declining as the pipeline of work dwindles,” he said. The survey’s index that measures builders’ level of business activity fell again in the December quarter from 47.4 to 45.2, below the neutral 50 mark that indicates satisfactory levels.’

Read more at TheAge.com.au

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