The housing market has received some welcome news, with the Housing Industry Association (HIA) predicting Australians will experience a recovery in the housing sector in the second half of the year.
The Housing Industry Association’s quarterly National Outlook forecast a rise of 11 percent in housing starts following June 30 over the next 12 months, projecting the total number of completed homes in Australia will rise from 129,500 in 2009 to 139,200 homes in 2010, based on quarterly assessments of key indicators sourced at state and national levels.
The HIA has credited low interest rates, government stimulus and the first home owners grant for boosting the sector.
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