- July 15, 2013
- Posted by: Rogers Property Group
- Category: Latest News
The government looks to hand over the growth in the economy from mining to non-mining construction including property investment for the economy to continue. Glen Stevens, the governor of the RBA stated that more dwellings are needed in Australia due to the rising population and the shortage of housing across the nation. A note for all property investors is that he alluded that now would be a good time to get in given that interest rates are low, supply has been reduced and the population was starting to increase at a faster rate than it has been over the last few years. While he said passing over the economy from one sector to another is not always seamless, it had been done a few times over the last few years.