The example above only happen in US, will not happen here. our banks are too "strong" that they can set their rates independent of RBA.
Also, we have acute housing shortages ( I mean public housing )
Also, we have massive new immigrants ( I mean those came with boats)
And we are strongly supported by a never ending mining boom ( currently bzzzz )
That's rite, we are different!! What else could go wrong???
- Forums
- Property
- real estate volumes collapse...
real estate volumes collapse... , page-20
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Peter Batten, MD
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