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Generally it is great example. I am bending backwads trying to send a message for people that "double digit" interest rates well and truly thing of the past. The more debt level is, the more each percentage point of interest rate rise takes money from the economy. Finally, even Glen Stevens...

Thanks, But there is an imprtant conclusion from all of this. Governments of all levels (whether they want or not) will be forced to approve new housing. In the absence of land the only way is to increase density, i.e. to rezone current low density into medium/high. One does not need to...

Tatoo this on your forehead if you do not want to reggret your investment decisions : "PROPERTY" and "BUBBLE" shall never be used on the same line in this country. "Bubble" is a temporary price hike that is "burst" by subsequent oversupply. Overwhelming majority of people in this country...

Hmmm.. In terms of employment, hours worked are down 21% on previous month. 30,000 full time jobs lost, and manipulation with the "participation rate" and definition of what "employed person" is are pretty much meaningless. GDP "growth" of 0.6%? What is the error margin on those figures...

And this raised the question why media indulged in interest rates scaremongering at all: http://www.smh.com.au/business/minutes-reveal-rba-in-no-hurry-to-raise-rates-20090915-fooj.html

Not everybody seems to know this, but "new housing starts" is a precursor for GDP figures. In fact, GDP follows "new housing starts" with a lag of 3 months. Hot from the breaking news: http://www.news.com.au/business/story/0,27753,26076044-31037,00.html FHOG boost and handouts failed to lift...