Bronwyn&Co Posted April 1, 2014 Report Share Posted April 1, 2014 Here is a link to a newsletter I get online from Mortgage Choice. It points to some tentative positives in the economy. http://www.mortgagechoice.com.au/adam.bourke/blog/positive-data-gives-rba-no-reason-to-move-rates-28486 Quote Link to comment Share on other sites More sharing options...
Nev Posted April 1, 2014 Report Share Posted April 1, 2014 That is good news but take it with a little pinch of salt, January is the normal month that companies look for staff, people have just spent their December money on gifts etc, it is to be expected that there will be an increase in the economy in Jan,This website is also the site of a company that makes money on home loans so they will talk up the economy as much as possible, a salesperson will never tell you now is a bad time to buy.A couple of days ago on 7 news they were talking about expecting a 20% decrease in house prices within the next few years some say months and the economist on the news disagreed and said 2-3 years, the prices are unsustainably high and the economy cannot support them, nobody expects them not to go down, just timing disagreementsPersonally i am not sure if we are in for a bubble burst like the US where prices collapsed to a fraction of the value but there will definitely be a jump down Quote Link to comment Share on other sites More sharing options...
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