The Newtonian wisdom of property watchers is that a share market slump must have an equal and opposite effect on property prices. In 2000 the Nasdaq collapse gave rise to Sydney's biggest and most widespread property boom. This time it will be different. The cheaper end of the property market simply will not be invited to the party.
SMH Opinion Article
http://www.smh.com.au/news/opinion/the-moneys-on-the-move/2008/01/17/1200419965565.html
real estate to hot up on stock market depressd, page-15
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Last
$64.41 |
Change
1.000(1.58%) |
Mkt cap ! $12.48B | |||
| Open | High | Low | Value | Volume |
| $63.49 | $64.41 | $63.39 | $28.91M | 451.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | $64.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.43 | 629 | 1 |
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