re: house prices in sydney to trouble, page-8

re: house prices in sydney to trouble agree Warnie....
Sydneys west has been experiencing some good growth in inner locations,,,even a few million dollar houses...

the rot set in there, when they gave ninja loans to the buyers 2004- 2007.....unemployed and could not speak english, no wonder...there has been a hiccup...

extract,,,,,,,,,,,,,,,

Investors losing confidence in economy CHRIS ZAPPONE
March 22, 2010 - 10:29AM
.Mixed signals about the global economy have triggered an unexpected fall in investor confidence, a report shows today.

The Investment and Financial Services Association CoreData Investor Sentiment index fell to 2.9 points in the first quarter of 2010 from a reading of 7.4 points the final quarter of 2009. The index had risen three of the four quarters in 2009.

The index shows an unexpected decline in investor sentiment, given the markets have continued on an upward trajectory since the end of 2009, said analyst Kristen Paech at market intelligence and consultancy firm CoreData.

http://www.theage.com.au/business/investors-losing-confidence-in-economy-20100322-qos3.html