housing survey, page-6

for what its worth.....

Money will start to come out of the Sharemarket......already is.....people starting to pee themselves over credit crisis in the US...recession....higher rates here....blah blah....money then heads into housing as wierd as that sounds....development funds up 2.5% already this quarter......the more affluent suburbs will hold up fine whereas the outer less affluent will struggle....as u say rising rates.....some already on 1005 borrowings

30-50% drop u say??.......I think thats a tad extreme

Id be buying in very well known established affluent suburbs if anywhere......yield terrible yes but safer than buying the cheap nasty stock with capital growth negative.......long term capital growth.....however it could be a longer wait than the last spikes.

Around good mining companies will also do well.


cheers