Uh Oh!
http://www.news.com.au/money/proper...rket-a-time-bomb/story-e6frfmd0-1225880221197
Im starting to get nervous now. There are more and more international investors saying the same things. Are we in a bubble and we don't know it?
If interest rates do rise and ppl can not truly afford to meet repayments...that doesnt mean a crash is coming though right? Sure prices may correct somewhat but we have low and stable unemployment, rates can be taken down considerably (we have plenty of room to move) and we are not in the middle of a construction boom.
So I don't see any internal dangers, I don't see the same events that happened in europe and in USA occuring here. If the world does slip into a double-dip them maybe yes...
http://www.news.com.au/money/proper...rket-a-time-bomb/story-e6frfmd0-1225880221197
Im starting to get nervous now. There are more and more international investors saying the same things. Are we in a bubble and we don't know it?
If interest rates do rise and ppl can not truly afford to meet repayments...that doesnt mean a crash is coming though right? Sure prices may correct somewhat but we have low and stable unemployment, rates can be taken down considerably (we have plenty of room to move) and we are not in the middle of a construction boom.
So I don't see any internal dangers, I don't see the same events that happened in europe and in USA occuring here. If the world does slip into a double-dip them maybe yes...