just a final question about GMA as it looks too good to be true, but maybe that's just me being too cynical.
So as long as Sydney/Melbourne house price DONT CRASH, or don't have a major 30% fall, GMA should continue to make healthy profits correct?
Is this about right?
So it all depends on the residential housing market dosent it? if it flattens out or falls say 5% that's still ok for GMA, but what we don't want is people defaulting on loans and having a major correction because that's BAD for gma right?
GMA is a bargain, page-10
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Mkt cap ! $1.158B | |||
| Open | High | Low | Value | Volume |
| $4.07 | $4.08 | $4.02 | $4.502M | 1.113M |
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| No. | Vol. | Price($) |
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| 1 | 1236 | $4.05 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.06 | 7638 | 2 |
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