New chain of hardware stores coming soon
A brand new hardware store chain is set to be launched next year. With 150 sites planned throughout Australia this is a definate indication that the housing market is set to rise. Despite confidence in the European property market still being shaky and the Australian housing market a little unsure, the Woolworths/Lowe alliance is poised to ferociously take on Bunnings.
Archicentre Queensland manager Ian Agnew said that with rising interest rates and credit tightening currently curbing the investor’s ability to expand property portfolios, the renovations market is bouncing along happily.
This is sure to be great news to property owners everywhere.