agree followme the contraction in the credit markets will flow from the equity markets straight into the property market, down here in Canberra we are already seeing prices/building activity falling sharply over the last 6-8 months. Might have to wait a while before adding another wing to the poly mansion.
some very worrying signs for the aussie markets over the last two days, it has lost all ability to maintain gains even when the rest of the world is rallying.
It didn't take long again today for the market to begin rolling over again.
dethending thursday, page-32
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