Yep, could happen, Dub. Its only our strong mining sector, high wages, and good employment figures preventing it. Nearly all reliant on China.
Funny, the real estate sector here in WA is bullish to the extreme, and in total denial to the reality of the increasing rate of mortgage defaults, partly due to those who overextended to take advantage of Kev's handout (silly, taking out a $700,000 motgage to gain a $14,000 advantage, but some cant help themselves) and partly due to rising interest rates.
A shock in China could cause immense shock here. And I cant help but feel Kev's intended tax on mining will lead to loss of jobs & wont help at all.
GZ
- Forums
- ASX - General
- house prices up 20% yoy
house prices up 20% yoy, page-6
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online