"If things are that weak in our economy, house prices aren't...

  1. YChromozome
    487 Posts.
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    05/05/12
    19:59
    Post #: 10137251

    "If things are that weak in our economy, house prices aren't going to rise."

    Exactly. The RBA cut rates in Nov and Dec. What did that do to housing credit growth? It fell to 5.4 percent in Jan, Feb and Mar - The lowest since records started 35 years ago.

    It's hard to see any good recovery from this low.

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