From The Australian: http://www.theaustralian.news.com.au/common/story_page/0,5744,18140147%5E2702,00.html It looks like the soft landing is upon us with a bump! Have the LOC's run out for the average Sydney homeowner? It appears so, with consumer spending down and the sobering news that the party is well and truly over..... As if we didn't know that already
Jacque.... AT LAST !!!!. Please correct me....but do you think that Sydney is the ONLY place in Australia ??.
Well, I sure hope not, or else what a boring place Oz would be Naturally, I concentrate on my own state and city- not my fault if it's been in the headlines a lot lately Despite its faults, I still love Sydney and consider it a wonderful place to live. Lots may disagree, but that's perfectly ok too!
5% in a year for Sydney when prices rose 20+% for quite a few years is no big deal. I still see that as a soft landing. If the landing was harder I would have bought but unfortunately the yields still don't justify the prices. Maybe in another 12 months...
Agree. Who knows if we have actually touched down yet? How will this news impact the decision on interest rate movements? I see it as a reason to keep them stable but I have heard reports that a rise is in the wind.
