re: property scams 4 cnrs program grant66to answer your question...

re: property scams 4 cnrs program grant66

to answer your question - interest rates are low - YES AND HOME PRICES HAVE NEVER BEEN ANY HIGHER

Australia is no worse or no better off the JApan since the government stepped in with its 14k FHOG and now 7k FHOG, ie trying desperatley to support a collapsing sector of the economy and thus creating a BUBBLE.

Land tax would be the other killer of property.

Already I know of investors whose land tax bill quadriple over a year or two and are finding it hard to accept.

With falling rents, potential higher interest rates and punishing land tax, we only need higher unemploement to kill the property bubble.

Recently constructed units that reamined unsold for six or so months and were asking 450k are now sellign for $415k.

Units would drop by as much as 30-40% while house in well sought after areas by 20-25%.

Arhidas