the CBA did the great switcheroo in its overseas funding presentations, for no reason other than to perpetuate the myth we have room to move still on prices.
dont be under any illusion, low interest rates and negative gearing are the biggest two factors for price growth, add to that RUDD decisiosn to allow unmonitored foreign investment to smooth things over in the last 2 years and you have a perfect storm.
IR back to 9% will put the market back to 08 prices, unless they come up with some other brainy idea, but either way, higher rates equal lower prices no two ways about it.
where is the housing shortage now? they said the same in the UK years ago as well... why not ask the REIA to comment on this! haha
