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Syd sf  20:35:23 GMT - 03/09/2014  
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.

HK [email protected]  13:59:48 GMT - 03/08/2014  

Combine it with possible UKR. escalation, and AUD goes down fast fast.

GVI Forex john   13:28:09 GMT - 03/08/2014  

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