pm,...can I assume you are not a property holder ??? now for some more interesting tit bits........just checked out the rba site with graphs for housing etc.... as at mar 08 the total spent on housing loans, that is established dwellings was 18 billion.........and 3 billion for new homes..........total loans in 96 was 6 billion.......... sounds a lot or not............ then thursday's news..........75 billion spent on short selling............ rba graphs...credit spending....housing went from 20% to 10% 2004-2008, personal credit 15% to 10% , business 10 to 25%........ie that is the change from the prior years...... amazing, they are spending as much on personal credit as they are on housing.,,,, what are they doing with it ??? probably margin lending in that area of personal credit....doubt its included in business lending and hybrid securities on issue in oz went from zero in 1996 to 25 billion Dec 07........ so reading those graphs there is substantially more money spent on other things apart from housing........... wonder what we can deduce from those figures ????
