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I was listening to a finance commentator this morning saying...

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mikeyjon

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16/01/20

17:48

Post #: 42419672
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Originally posted by Crom Valen: ↑

Unfortunately - due to the dreadful fires - tourism is also crashing, and there is a big economic cost that will be felt overall.

But meanwhile Sydney house prices have rocketed back over the $1 Million mark due the RBA’s crazy interest rate settings.

You’ve got an economy going in one direction while you’ve got house prices going in the other. It’s a house of cards. And it’s all due to the RBA’s crazy low interest rates, which have propped up and then reinflated a crazy bubble that is looking more and more exposed by the day.

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I was listening to a finance commentator this morning saying that 40% of Australia's super is tied up in the property market and was warning people to look into their fund and limit that amount of exposure.
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