bis: vic property recovery 5 years away, page-14

I know what the RBA wants but its impossible to fire up residential contsruction without an increase in established house prices occuring first.

Thats my point.

So either:

1. Rates continue to fall, established house prices rise at a faster rate, then confidence/residential construction/consumer spending pick up.

2. Rates continue to fall, etablished house prices do not rise at all, then confidence/residential construction/consumer spending do not pick up and Australia is stuffed.

My money is on the former.