Pandev , yet another clueless post. Those who buy real estate buy for the long term. Let me explain longer than holding your speccie stocks .
Dollar down versus the rest of the world and we make a killing with commodities.
Dollar drops and hey presto Australian real estate is exponentially cheaper to buy by foreigners. If they are buying now they will buy further in greater volume if cheaper than to exchange rate. They do not buy here to invest - they buy for other reasons. Man you guys have a real lot to learn. Unbelievably myopic.
Let me explain - people buy real estate for the l o n g t e r m - get it.
