A RaboPlus article on property presents an opinion that real estate is the first to suffer in an economic downturn but also the first to show the signs of recovery.
Property funds in Australia have kept their levels above the recently hit lows and, statistically, have recovered around 20% since then. Whether that means that the worst is over or not, remains to be seen. It is possible that there will be more to downturn in the near future.
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