As long at interest rates stay low house prices will stay high.
Raise the rate to 15% percent and see what happens.
If anyone has recently purchased some brown shoes, I'm selling a beautful burgundy/brown leather belt, Made in Australia, for just $2
Looking extremely dapper as usual, Mr Socks!
The details on the Christian Kimber Fine Footwear launch (that I know so far - though not sure that there's that much more to add):
Location: Henry Bucks, 320 Collins St, Melbourne
Date: 13 March 2013
It's going to be a fun night so come along and see (and feel) the shoes in person.
damn - you'd barely even get a 1 bedder in my suburb for that coin sydney is seriously ridiculous
Dont agree - Rewind to early 90s and house prices didnt drop that much. Dwelling to income ratios barely dropped (which is a better indication of affordability rather than purely prices). What we had was a slow down in activity, offset by wage inflation .. see below chart in a recent RBA speech.
Plus we now have demand driven by offshore rather than domestically i.e. China etc adding to the demand side of the equation.