We are only about 6-8% away from the top.
Rba is talking about rate cut. Brexit, almost a recession is built into it. So banks around the world was steady with rates. Us is now looking to delay rate rise. All this will provide funding cost stability which is good.
Goods in australia is cheaper and this will attract more tourist. I am looking at those from china. This is good for syd.
2nd airport, that is another 10 years away. All talk but no action.
This is all positive for syd. will it break high again? Not too sure. But we will be back to 7.25 in a few days.
I am keen to see auction tonight will the big boys push it up to make their portfolio to look good?
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