Property Klondike grips the nation in 2003

Monday 5 January 2004

Residential property was a gold rush-like investment in 2003, but Andrew Macdonald finds change could well be in the wind for the housing bonanza.

By The Landlord

There were plenty of winners as the nation this year embraced a property Klondike fuelled by low interest rates and population growth.

Real estate agents were circling, banks were rubbing their hands and home buyers were queuing up.

But change is in the wind.

Deutsche Bank senior economist Darren Gibbs says the residential property boom that engulfed most of this year may have peaked.

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