Taking responsibility for ones action,good luck on that one Kincella.Housing as you know is the banks piggy bank along with govt coffers on stamp duty.Interference by govt have distorted house prices of recent not allow market forces to fix a price.It prevented the inevitable,which will be a downturn in prices.If it is a home,it differs to one`s logic compared to an investment.As a home it does not return a cash -flow till sold.Escape to another country we might all be to poor after the carbon- tax to go anywhere.
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Taking responsibility for ones action,good luck on that one...
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Bruce Garlick, Executive Chairman
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