The RBA governor Glen Stevens had some very positive comments about the future outlook on not only the housing market but the economy as a whole. He stated that APRA had done some stress testing on the Australian Economy and it would remain “well and truly solvent” even if there was another global crisis to hit. He said that the economic activity was moving “close to trend”. He also said that he felt that the property market had now stabilized.

While the RBA governor is very conservative in all statements, it is none the less excellent news for those of us getting started in property investment or those looking at expanding their property portfolios. Buy when its cheap and hold forever!