I read in THE AGE that AV Jennings recently bought a mid sized...

  1. 7,809 Posts.
    I read in THE AGE that AV Jennings recently bought a mid sized green fields housing site in the north of Melbourne for $25 million ..... Two sides to every coin . AV Jennings obviously see steady sales ahead .

    There's alot of demand in Melbourne, Sydney and Perth still, but the fluff has definately been blown off the capuccino for now .
    However, I can't see a 40% reversal .
    People are nervous but a 40% reversal would see massive bankruptcy and the RBA will just slim the interest rate from it's disabling highs .

    Gold is where the money is going for now . Hard to fight it when everything else looks to be falling apart atm .
    Look at spot gold - at all time highs and still the buying continues . There is definately a big range of forecasts from the big global banks :

    http://www.reuters.com/article/2011/08/22/us-precious-forecasts-idUSTRE77L6IF20110822
 
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