A dynamic cocktail for house prices ?
Not when you consider two facts as detailed below:
The Roy Morgan survey, which uses a more realistic set of assumptions than used by the ABS, has consistently reported a rate of unemployment twice the official number, and a rate of underemployment (people working fewer hours than they would like to work) also close to double-digit rates.
Another source of adverse news for those who care to look is the number of small businesses struggling to survive or going under.
It's time to buckle up and avoid debt. Rent and wait for the right opportunity - patience is an investors friend - especially following a bubble.
a dynamic cocktail for house prices, page-85
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