And with Wall Street not expecting 100,000 extra job losses in the June data and more people falling behind in mortgage in the US it just means the property markets are going to keep diving.
Check out what analysts are also now saying in Hong Kong about China'a massive property market bubble. Fix asset investment up something like %35 this year in China. It has out passed itself and is expected to crash.
And a number of market experts around the world now think that Australia's properties markets are way over priced.
Can anyone answer this, Victoria prices seem to be going up, I guess partly because of the stimulus/first home owners grants, but summer is coming and its going to be really hot, which means, more fires, more power outages, trains that can't run on track that is become to hot and buckled, infrastructure as a whole is poor in Melbourne.
So won't this with the China/US problems help to make this worse?
I think GMG is a high risk investment to be in now.
GMG Price at posting:
35.4¢ Sentiment: Sell Disclosure: Held
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