aus property bubble: max keiser - steven keen, page-8

  1. 5,717 Posts.
    . January and Febuary had record volumes of sales up 27% on this time last year. Rents increased. Growth rate of 7.6 % unemployment rate 4%. No great rise in Medians due to the fact that below median are most popular buys. Drive through Perth record numbers of cranes and hi vis workers. You aint seen nothin yet.
    malaga

    Up 27%, last year wasn't very good though. Listings across Perth still increasing.
    Rents still going up but will soon hit a ceiling, where people quit frankly can't afford them no more and start downsizing and sharing.
    Unemployment is rising and the 4% is a lie. At my work people applying for jobs start turning up on time and are properly dressed :). Attitude is changing.
    All the best but I think you are wrong.
    If you go to one of the larger shopping centers , you will find it is quit easy to get parking now compared to a year or two ago.
    Retail is getting a hammering, lay offs coming. Even in perth.
    Credit crunch, china slowdown, baby boomers selling, rising taxes etc.
    Odds are against the bull.
    nata12
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.