Tuesday, September 19, 2006

Reality bites in Aus

Rates to force down home prices

"Almost half the 2065 people surveyed in August by NEWS.com.au - or 48 per cent - expected house prices to fall in coming months, up from the 42 per cent in a June survey." Peoples expectations here seem more in touch with reality than UK. They expect a fall - they will get a fall.

Posted by quokka @ 10:10 PM (1771 views)
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2 thoughts on “Reality bites in Aus

  • It’s a shame he doesn’t mention where the survey was taken. According to the latest stats posted here, Sydney is down, Melbourne is flat/down and Perth is up.

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  • Financial Planner says:

    6% is highest IR in 5 years. Funny that, when we go to 5% it will be our highest in 5 years. BRING IT ON….! 🙂

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