Originally posted by DimPrawn
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Reply to: Cheap houses in a recession
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Previously on "Cheap houses in a recession"
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Originally posted by Moscow Mule View PostYet. Aussie economy is generally 6-18 months behind world trends.
Obviously being a net exporter will help, but I think there might be some pain to come....
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Originally posted by max View PostNot Australian apparently. Didn't even go into recesssion.
Obviously being a net exporter will help, but I think there might be some pain to come....
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Originally posted by nomadd View PostCome back this time next year, and you'll see our housing market has gone the same way as Ireland, the U.S., Spain, France, Italy, and, er, everywhere else.
NomaddLast edited by max; 28 August 2009, 15:25.
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Originally posted by DimPrawn View PostYou've got to hand it to Brown and co, these guys really know how the economy works. In Ireland property has fallen about 40%.
And as for Ireland, they are lucky - they don't have a fool like Brown propping up their housing market - with taxpayers money - until election time.
Come back this time next year, and you'll see our housing market has gone the same way as Ireland, the U.S., Spain, France, Italy, and, er, everywhere else.
Nomadd
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I sold my tiny executive town house 2 and a half years ago, rented till last week and now stay in a massive semi detached for only 40 grand more.
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Well I sold my flat for a good price. About to rent a nice house instead. Suckers rally I say!
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Not many houses are being sold at the moment, a few house sales could play havoc with the stats.
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Cheap houses in a recession
http://news.bbc.co.uk/1/hi/business/8226416.stm
House prices in England and Wales rose by 1.7% in July compared with June - the biggest monthly leap in value since July 2004, the Land Registry said.
Every region recorded a monthly rise in prices, with the average home valued at £155,885, the analysis found.
You've got to hand it to Brown and co, these guys really know how the economy works. In Ireland property has fallen about 40%.Tags: None
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