article today says Chinese are pricing first time home buyers out of the market in the 550,000 - 750,000 area.
lower Aud will only encourage more buyers to come here - it's a bubble imo ..... you can't buy a house in the area I am for less than 1.1 / 1.2 million and that's for a tiny older place let along something more modern.
if this was the US people would be complaining alot more about it.
bali sja 10:41:16 GMT - 03/09/2014
Syd sf, properties boom only in CBD, mostly apartments being rented, they are owned not by Australians but by foreigners mainly rich Indonesians and mainland Chinese.
Syd sf 08:56:26 GMT - 03/09/2014
the people looking at the past - like the AUD because it has had the best performance of alot of these economies - and obviously the weather here leaves nothing to chance.
.... but when you start looking forward - then the economy has some real challenges to overcome.
if there was some chance of a change in interest rates then things may move quicker .. but there seems little chance of that at this stage.
also for people not living in Australia - there is still a property boom going on here - where prices just keep rising ... its alot like the comments you read about the London Market to be honest.
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