Only a what if; rates start decreasing again as the RBA now realises the world economy might indeed have an effect on Australia (what a stupid comment to state Greece wont have an effect at all) and there is easy money avail again. Fear of the stockmarket prevails so no money flows into it, does it go into housing again?
Happened in the tech bubble, rates decreased and money flowed into housing didn't it?
Also I wonder how much of Victoria's big housing boom and statistics have factored in the bush fire rebuilds? I dont think Vic is travelling quite as well as some figures would have us believe.
Some areas of Aust are 30% + down from their highs and I'm wondering if these might present some buying opportunities in the near term?
Anyway food for thought... I'm min debt for now to be safe.
