As reported today (19 July on Ninemsn),
"AMP Henderson chief economist Shane Oliver says residential property was now the least attractive form of property investment.
"On a six to 12 month view, equities offer a higher return potential than all property asset classes as they undergo a cyclical recovery," he said.
Did he not make the same statement on 19 July 2000, 2001, 2002 as well as 2003.
Eventually, just maybe, he may be right but I expect him to be making the same statement in 2004 (and still be wrong).
(cynical) Tony.
"AMP Henderson chief economist Shane Oliver says residential property was now the least attractive form of property investment.
"On a six to 12 month view, equities offer a higher return potential than all property asset classes as they undergo a cyclical recovery," he said.
Did he not make the same statement on 19 July 2000, 2001, 2002 as well as 2003.
Eventually, just maybe, he may be right but I expect him to be making the same statement in 2004 (and still be wrong).
(cynical) Tony.