Australia's central bank governor Ian Macfarlane yesterday warned investors about jumping into the nation's property boom, saying there were signs the market was cooling.
Tuesday, December 10th 2002, 9:54AM
by The Landlord
...Macfarlane said rents were starting to fall and vacancies were rising, and many new apartments were still expected to come on to the market in the next two years...
Some big apartment projects in Brisbane and Melbourne have been withdrawn recently due to lack of buyer interest.
But Macfarlane said it was not just the apartment sector, which has attracted investment funds, that was being affected.
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