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After years of being overshadowed by the local economies and housing markets in faster-growing parts of the country, New South Wales is now in the best position to weather the global financial crisis, said a leading economist last week.
The Australian Federal Government has made some drastic changes to the Foreign Ownership Laws in the hope that increased foreign investment will help support property prices. Geri Forsaith, founder of Sydney Property Conveyancing, explains what they mean.
Undeterred by the looming recession and threat of rising unemployment, first homebuyers led the strong recovery in mortgage sales in February, according to a new report.
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