various prop people on red kerry's 7.30 report tonight....see house prices staying flat or 10% loss in only some areas at worst...
but commercial property...over 3000 projects are not going ahead.....mainly due to credit not forthcoming....all those jobs lost....an increase of 500% to normal ...hello warning bells...nsw holds 50% and qld a fair whack
but the prop bull might see it as ...well hey again reduced supply means ...uhm...increased competition for the limited supply...
and as for the developers...the banks want to see 75% pre sales before they will commit to finance.....again means limited supply... if you are holding...means you have some of that limited supply they are all constrained by...wink wink...heads up
