If anyone wants a laught: http://www.businessspectator.com.au/bs.nsf/Article/australian-economic-interest-rates-housing-develop-pd20121224-3A2GA?opendocument&src=idp&emcontent_asx_financial-markets&utm_source=exact&utm_medium=email&utm_content=155380&utm_campaign=kgb&modapt=commentary
It looks like Harry's Apartment Empire is crumbling.
He says "The real estate market is not moving. Dropping rates by 0.25 per cent here and there is too slow. A momentum has to be built up and a dropping of 0.5 to 0.75 per cent must take place in February – it should have happened in December."
"Australians refuse to buy houses at these prices with the interest rates as they are."
