Grant,
You mentioned yesterdays court decison on split home loans fuelling home prices in Australia. I believe the property market is overinflated and due for a correction. Why? Well the vacancy rate in Sydney is running at 4 - 4.5% which is well above the stable rate of 2.5% and even further above what is required to drive drive price escalation and property development. It has to bust and is already showing signs with reduced rental rates, intro offers etc.
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USA JOBS DATA - THE ECONOMY IS RECOVERING, page-14
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