Thanks TC - I agree the 3 big 3 loom large- Aus Employment appears sound, unlike the US, & I was one who thought falls of greater than 10% were likely... from what I hear & see, this has only occurred in pockets of Propty that were doubtfull prospects before/after GFC- at the best of times .... The term you have used..soured may best apply to those properties that would, if not for the 'correction, have experienced some gains in past 12-18 months...
I have noticed the rate of aussie savings is high on something like a 5 or 10 year average, but, compared to the high debt values post 2000, maybe we are returning to a long term ratio of debt!?
Cost of living presure, RBA repsonses etc, I do see the real cost of living increases on a daily basis, also, the amount of work in the order book for builders which has reduced by a lot over the same period...about 2 years.. I guess the RBA see 's no rate increases as releif for the position that you point out, TC.
To end up with a simultaneous big 3 would not be good. Further stock market falls in Aus could worsen, with the US market so weak.. Thanks your reply & insight... catch you on the thread... lescat
