Your last paragraph is the point of real difference - I do not believe for one second that inflation is under control - I believe wages and prices, and of course the money supply is growing a lot faster than the figures reveal. One thing to tell me its 2 - 4% - but the outside world is telling me different. Have a business that I am involved with and just to keep semi skilled wage earners I am paying more by at least 20% extra this year alone. Something is not gelling.
By and large real estate is going to be varied. Quality real estate will continue to do well in selected locations - the rest I believe will tread water or drop marginally until wages and inflation catch up. In for a 5-6 yr adjustment period and that presents opportunity in my book.
I just do not trust the stuff I am being fed by the pollies and the RBA - we live in unusual times and PR and rescue will be foremost. Lets see what time reveals.
