Which ever way you look at it, the future of the Oz. property market - whether it be good, bad or ugly - is in the hands of foreigners. Forget what the RBA might do, they are almost powerless within this $60 trillion world economy. Sit back, relax and watch the show.
A perfect storm for Aussie banks
Robert Gottliebsen
Published 7:04 AM, 13 Dec 2011 Last update 10:20 AM, 13 Dec 2011
http://www.businessspectator.com.au/bs.nsf/Article/Banking-Australia-market-Europe-crisis-sharemarket-pd20111213-PGQVK?OpenDocument&src=kgb
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