tag:blogger.com,1999:blog-6234866741387164003.post2729073128516093320..comments2023-10-19T04:44:25.725-07:00Comments on World Housing Bubble - China, Australia, Vancouver Real Estate News: High End Taking the Biggest Hit in AustraliaGGhttp://www.blogger.com/profile/14963284253203737587noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6234866741387164003.post-36708449890210275332011-09-06T12:17:04.814-07:002011-09-06T12:17:04.814-07:00The CPI for June was 3.6%.
I fully expect Austra...The CPI for June was 3.6%. <br /><br />I fully expect Australia to see the same kind of asset price deflation as the U.S. did, with a huge hit to consumer buying power across the board, so it could drop. It did in 61-63 when house prices fell 10% or so.<br /><br />Oh, you're reminding me that you asked about seasonality a while ago. Australia is just heading into their big spring selling season right now.GGhttps://www.blogger.com/profile/14963284253203737587noreply@blogger.comtag:blogger.com,1999:blog-6234866741387164003.post-68429753049097998702011-09-06T09:14:17.134-07:002011-09-06T09:14:17.134-07:00Remind me again what Australia's inflation rat...Remind me again what Australia's inflation rate is? 3.5% or something? In real terms the drops are worse apples-to-apples to the rest of the developed world.<br /><br />Oh and if inflation, for some bizarre reason, ever drops to zero (I know I know it will never happen...) then those -10% YOY declines won't seem so bad. :Pjessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.com