what's the average annual Brisbane house price growth over next 2 years going to be??

[Max Carnage]

Plot that on the same currency basis and see what you get!!

Why? Are homes mainly bought by offshore money?

Which currency would you prefer? Yen? ZWD?

 

[boomtown]

Im going to hold a bear-b-q now that we have all these rate cuts.

 

[DadOfSam]

Brisbane should do better than the rest of SE QLD. But you only have to have a quick browse of the auction listings to see the vendor desperation to sell. Interstate and O/S investor interest has evaporated, and the local OOs who want to move can't sell their existing place. Unless demand picks up dramatically before Xmas the annual cap numbers will be increasingly in the red. Unless you are buying at a big discount now there are MUCH better markets to invest in.

 

[Shadow]

Here's a fascinating chart from whocrashedtheeconomy.com:

Oh yes, because we're just like the USA and UK. The fundamentals are identical. And Japan too, right? We're just like them. And this is just like 1929 blah blah blah...

Here is another chart. This one is from Australia. You know, this country.

But since you like the USA so much, check out these charts. Yep, we're just like them.

Shadow.