Did I hear someone say that they were on drugs and then proceed to suggest property would be the new safe haven :-).
Interesting suggestion. I am sure the banks and shadow banking system, leveraged to their eyeballs and fighting for their survival, will agree with that thesis and will fully support all those who believe that "house prices at 7.5x median wage is achievable and sustainable because, although there is no historical precedent, this time things truly are different", with access to cheap and easy credit thereby ensuring property keeps going up, up, up in a suddent flight to safety.
Good luck to all those trading that hypothesis - may your leverage be gigantic but your gains be infinite.
biggest fall since 87, page-13
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Last
$64.46 |
Change
-0.290(0.45%) |
Mkt cap ! $12.49B | |||
| Open | High | Low | Value | Volume |
| $64.75 | $64.85 | $64.17 | $17.54M | 272.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11389 | $64.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.49 | 1228 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |