A bit more on the low Australian property numbers, an SMH article making the point they coincided with the ending of a government subsidy scheme. Like the Warren Bufffet favourite of a naked swimmer exposed by the receding tide (in this case receding government subsidies) what is key is that the ending of the first home buyer's grant is not part of the whole story.
The accompanying recording of Dr Andrew Wilson of Australian Property Monitors is interesting, you get a sense of fear and uncertainty. Likewise from Sydney estate agent Shannan Whitney:
...Yesterday the BresicWhitney principal Shannan Whitney was surprised at the extent of the first-home buyer collapse. "Those numbers are quite dramatic," he said (here).
The accompanying recording of Dr Andrew Wilson of Australian Property Monitors is interesting, you get a sense of fear and uncertainty. Likewise from Sydney estate agent Shannan Whitney:
...Yesterday the BresicWhitney principal Shannan Whitney was surprised at the extent of the first-home buyer collapse. "Those numbers are quite dramatic," he said (here).
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