According to the REI, Sydney's house prices, which slumped in the 12 months to March this year, have stabilised and are expected to start rising again soon.
A report in the SMH today says that, due to the Euro crisis, European banks have cut their lending to Australian businesses by $20B, down from $60B since 2009, compared to growth of 20% pa before then. However it seems that Asian banks are taking up much of the slack from this drop.
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