Friday, September 2, 2011
Property collapse talk is taken out of context
"RPData’s index suggests that maybe the worst is behind us, with the monthly and quarterly results starting to trend upwards. This recovery, however, is likely to be slower than those in the past, as many markets are now priced over $500,000, which presents an affordability barrier to many households and especially investors and first home buyers. It will take some time before wages grow enough to start pushing dwelling prices."