Pretty selective use of quotes from that piece, Hawkers....

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thejonesboy

902 Posts.

31/08/15

10:29

Post #: 15903792
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Originally posted by hawkers ↑

http://www.domain.com.au/news/spooked-stockmarket-investors-park-cash-in-property-20150828-gj8383/

"Shaken investors who endured a rollercoaster week on the Australian Securities Exchange will try to find their sea legs in the stability of property, economists predict, which could potentially push house prices up further."

"As a knee-jerk reaction, investors are seeing the volatility of the financial markets, and asking themselves, 'where else can I go that's not as volatile?'" St George Bank chief economist Hans Kunnen said.
"Property is an answer. They say, 'I'm not having a bar of the sharemarket; I'll stick with bricks and mortar."

"Meanwhile, Dr Oliver said housing-related stocks had actually been the "bright spot" in an otherwise dark sharemarket.
"The basic theme of the reporting season was how well anything related to houses is doing."

Oh dear the property bears just cant get a break can they!

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Pretty selective use of quotes from that piece, Hawkers. Interesting that you failed to highlight this:
'AMP chief economist Shane Oliver also shrugged off the suggestion the rough week on the ASX would drive a flood of foreign or local investors from disallowed into property.
"On balance, I do not think a lot of switching will be happening."
Dr Oliver said when sharemarkets plunged in 1987, investors did flee to the property market, but the current real estate environment would make that "less likely this time".
"Back then, it was hard to say that property was in a bubble, but now property, particularly in Sydney and Melbourne, is definitely bubbly."
Conversely, during the global financial crisis, investors did not run to property and instead largely sold off real estate.
"It's a time when investors need to be cautious. If they are thinking the last two years [in property] have been strong, so the next two years will be strong, they would be making a big mistake."
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