re:-property and jobs
did anyone see the westpac economist on channel 9 in the morning? I thought his comments were good.
They see job security as the main issue towards property, and I agree. They see unemployment as low at 6.8%, and dont think consumers are frightened about their job future. As long as this continues, people will borrow and RE will rise. They didnt see war as a threat to this, or US market falls, and felt our markets were based on different fundamantals.
As I posted recently, inflation, consumer confidence and job security are closely linked to property growth.
