I'm starting to believe the RBA will be quite effective at killing any bubble in housing develop, although still a little unsure whether their jawboning is just that, or they honestly want to slow house price rises. 2% rise in the cash rate should do it. Would mean in real terms property could prove a poor investment for a while. The RBA can always raise the "rent" every month, investors cannot.
Although there is always that black swan flying about looking for a place to land, that can tend to unsettle perfectly laid fiscal plans
For Brisbane, looks like things are almost coming together for a 90's repeat for Brisbane, where unemployment is now the highest in the country (on published figures anyhow), the usual growth in tourism and coal mining is floundering, and the government near broke (a high % employer up here). Seeing as monetary is done on a country-wide basis, any rises to slow the south, are going to effect the north even more so. Exhibit A ..
Although there is always that black swan flying about looking for a place to land, that can tend to unsettle perfectly laid fiscal plans
For Brisbane, looks like things are almost coming together for a 90's repeat for Brisbane, where unemployment is now the highest in the country (on published figures anyhow), the usual growth in tourism and coal mining is floundering, and the government near broke (a high % employer up here). Seeing as monetary is done on a country-wide basis, any rises to slow the south, are going to effect the north even more so. Exhibit A ..