With the growing problems in the eurozone (with Greece now paying 23% on 2yr bonds, and likely to default in mid May), and the flow on to the other PIIGS, and with world markets becoming more volatile again, what impact do you think the coming second crisis will have on Australian property prices. Bear in mind that there was stimulus money available for GFC1 (but not for GFC2), so we can't spend our way out of what is coming this time.
I expect we'll see the start of GFC2 in May/June, and this will see the property prices fall through to 2012.
I expect we'll see the start of GFC2 in May/June, and this will see the property prices fall through to 2012.