Cheap loans, speculation prop up a rural land prices
A combination of low financing costs, poor alternative returns and speculative behaviour is propping up rural land prices, a bank economist says.
Tuesday, October 21st 2003, 9:09AM
by The Landlord
Similarly, the bank would not suggest there was a "bubble" waiting to burst in housing, but at least there was potential for improved future returns in the rural sector which gave "some justification for price movement that the housing sector may not be able to provide".
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