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 :
