media trying to pump the property market

BIS Shrapnel at it again with there bullish reports & Looks like the media trying to repump the market before the final blow hits imo.

Interest rates at these levels & likely to go higher are not attractive for buying property

Petrol price possible to head to $2 more unwanted pain

Banks not lending as they used to

Credit crunch still here

I can only see a property market to keep away from then to run & buy into, maybe end of next year when property has had a proper correction it would be worth looking to re enter.

Would ignore bullish articles in this market, looks more like desperation by real estate agrents/media


This comment sounds right to me:

BIS Shrapnel says the ongoing demand for rental properties and better credit conditions will be the key to the next upturn in house prices, "expected towards the end of 2010"

Funny the article says a recovery end of 2010 but the media put the headline as "Capital city house prices set to rise again" lol