where are the opportunities in property?, page-25

Thanks Scotty ,

I figured it was pretty sensitive to tourism . No doubt that local knowledge is a major advantage there.

It's interesting your comments on the A dollar . It goes to show how closely connected we are to the global market .

That's why I'm leaning to a further reduction in interest rates . At the risk of creating a short term property bubble I think the lower dollar is of greater importance . Not just for tourism but also for manufacturing and our agricultural and mining exports .

I think the govt will be able to introduce other controlling factors if property gets going to hard to offset the interest rate cut .

Be interesting to see how it pans out.