Australian house prices fall 2.4%: survey
By state, prices fell 3.8% in Victoria, 3.2% in Queensland, 2.9% in South Australia and the Northern Territory, 1.1% in New South Wales and 0.8% in Western Australia, the survey showed.
The September survey indicated that Australian house prices are likely to remain subdued near-term and fall by a further 1% over the next 12 months.I don't know where to go with that. Except: sure, whatever. Keep dreaming.
Btw, I hear every borrowable share of your stock has been borrowed already for shorting by the big hedgies. How's that feel?
By September 2013, house prices are expected to be back in positive territory overall and showing growth of 0.5%, according to the survey. Western Australia is expected to lead the growth, with prices forecast to rise by 3.4%.Ha ha. Yeah. Noted.
However, National Australia Bank economists said that they believe the expectations contained in the survey are overly pessimistic.God, you are killing me here. I gotta stop.