the property crash is here in melbourne, page-13

Looks as if we have a double edge economic sword that is about to decimate the property market.

1 : If the USA powers up its economy then interest rates will rise at a great rate as their economy can overheat very easily coming off a low base.
We will have to follow to retain foreign investment in Australia.

2 : If the USA nose dives due to a stock market collapse or continued capital drain via foreign investors cashing in their chips then we will head into a deflationary spiral for many years to come..

Just ask the Japs how their property boom is going.

This little Duck is still renting, all my dosh has been riding the resource stock boom and it is all looking pretty good from where I sit..