"Les, you are comparing us to places which are printing money"
sorry mate, i cant let you have your cake and eat it on that one.
it's not me that thinks the Australian property market will act exactly like the crash scene in other markets, its the renters that like to hold that mantra.
So while we have historical lows domestically i agree, compared to the rest of the world our cash rate is extrememly high.
So which is it? We follow the global trend historically as a litmus for Australian market, or do we only look at domestic trend which i'll concede showed a 0.3% decline in price YOY (that's not a %50 crash by the way).
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pretty young thing at the bank., page-46
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