here is the link...no subscription needed
http://www.afr.com./p/markets/why_house_prices_are_set_to_jump_8aS1vZiz4f1mBi3d1wEEiO
the other story, CBA enticement to switch the loans from other banks....it is only $700...
but it is what is behind the story that matters....
they want market share to continue...
anz sold off its mortgage book last week...but there was silence about that deal...
with no new homes being built, people staying put in their houses, and renovating rather than upgrading....
means an even bigger shortage looming...rather than the pretend surplus
the story has changed from 50% drops, to slow or modest growth...
the gfc has even more legs than the W shape....
confidence and change in attitudes will surface, when the current labor govt is thrown out...
I believe many people are twiddling their thumbs, just waiting for this change....
then it will be back to the good old days, as in the Howard years
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