property update, page-8

nq
i think the reserve bank's point is that a lot of the buyers are investors and rental vacanies are rising.many are highly geared and without rental income they could get in trouble.if the economy falters, people would lose jobs.so it might change the bullish feeling in the market and many might decide to reduce their gearing at the same time.property booms are always followed by crashes.it would be a brave man to believe that's about to change.that's not to say that this boom won't last even longer.but the bigger the boom the bigger the bust.