Sector - CBA is the major player in the market and dictate how things go. Would rather pay attention to what they have to say.
As you infer the market will dictate the terms.
With Sydney if next year runs the same a 20% drop thereafter will still leave you in front. The market will punish the bears and as long as supply is lower than demand the price will rise.
Interest rates are low for quite a while plus any rise is already factored into the equation from the lenders perspective and will have little or no impact to the prices. They might flatline if anything.
Educated opinion has to be what the market says and not economic treatise. And speaking of educated - it is spelt propaganda - nearly choked on my wheaties.
Unemployment down. US on the way up China stimulus benefitting iron ore miners Free Trade agreements to stimulate economy Roy Hill in WA and gas creating jobs Massive civil engineering and construction projects in WA Residential construction booming Hotels to be built in Perth - massive job creation
Afraid the bears need to see it as it is and it is looking good.
