property crash now in dangerous 2nd phase !, page-19

Oh dear look at Pakenham and Mernda as well .

I talked with a builder/developer over the weekend and he says new home building is in the doldrums big time . Victoria .
But as he pointed out employment levels are low and not at recession type levels and money is cheap if u qualify .
Thoughts were more of a mindset issue than a real fundamental one at this stage . But I note it is early days at the start of this new decade still. If history is our guide going forward 2012 into 2013 for a low .

I'm loving seeing the retailers experience some pain as the youngsters are now showing some good sense and losing the gotta have it all and gotta have it now attitude .