Tuesday, October 4, 2011

In these days of business uncertainty keep your head about you with respect to house prices.

Unfortunately bad news always sells.

Remember while the Aussie share market is 30% plus down, depending on which day it is, on its 2007 peak, Australian house prices are about 10.3% above their pre GFC high.

There has been no house price growth in the last year, with a few exceptions, but in that time the ABS states our household disposable incomes have increased by about 7%.

Call me biased, but property is a good industry to be in.

No comments: