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The scary thing for me with that graph is that Jan job ads, though it might be partly seasonal, don't reflect how bad the employment situation will get, IMO. Lots of businesses took pre-emptive action late'08-early '09 to prepare for what they thought was coming. Since then we have seen evidence...

I agree with steve. As always, there will be suburbs that will buck the trend and show growth in the short term (probably FHB areas, as we all suspect). This might be important if people just want to do something and perhaps get some growth to enable them to buy another within the next couple of...