El Presidente Posted April 23, 2010 Share Posted April 23, 2010 We have members from all over the world so it would be good to get an evaluation of the micro economic conditions in your neck of the woods. Have you noticed a turn around in economic conditions? anything specific that leads to your belief? Certainly in Oz we have largely missed the Global Recession. Growth is getting back to trend terms (3%) with job adds increasing and unemployment coming down from a peak 5.9%. There is a nagging fear here of a China coming off the boil affecting our resource boom but it is long odds to have a significant impact. Perhaps our biggest threat is inflation and the control of costs/wages blowout. With some of the most expensive housing in the world due to an inverse supply and demand scenario, the housing market is the domain of speculators and desperates trying to get a foothold. Increasing interest rates and big mortgages are a killer combination being experienced by many. Our median income as a % of median house price is between 8 and 9. How does that compare to your area? Historically in this country it has been 3-4. Link to comment Share on other sites More sharing options...
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