Comments on: House Prices Down and Aussie Market Enters Second Wave of Rebound Rally

By: James

James — Fri, 12 Jun 2009 21:26:37 +0000

Good article. Couldn't agree more.

By: Pat Donnelly

Pat Donnelly — Sun, 10 May 2009 11:14:16 +0000

The government stimulus appears to have had an effect on retails sales and also allowed savings to increase. I do foresee price falls, but small and over the medium term, essentially allowing inflation to do its work as the deflation isn't as bad here as elsewhere in the world. The agricultural sector is always very circumspect about expected bonus harvests and food prices are increasing. This too will have a positive effect. If the recovery from the drought continues, then a larger effect? But the house price rises are gone as interest rates are not going to stay low if inflation does its worst. Very much a muddle through?
Good article.
We are still the lucky country!

By: Greg Atkinson

Greg Atkinson — Tue, 05 May 2009 09:03:25 +0000

The bottom line is that if you signed up to the gloom and doom story you have missed out on a nice little rally. As for the 'Swarm Trader"...well he seems to have changed camps now and is making more vague comments to try and be correct now matter which way the market goes

The annual fall in property prices of 6.7% is not a crash and another reason prices were down was because the higher interest rates in the first half of 2008 cooled the property market. Property prices may even fall further but calls of a 50% nationwide fall are looking pretty silly I would suggest.

It might just be that end of the world is not around the corner and this nasty bear market is in fact, just a nasty bear market.

By: Dan

Dan — Tue, 05 May 2009 05:07:13 +0000

Re: Housing prices and the FHB grant.

You have rightly shown how the FHB is nearly a profit making exercise for governments - no wonder they are doing it! Talk about sugar coated poison! With results like that I shouldn't wonder that they'll extend the FHB at the next budget, since it's probably the only area where tax revenue has risen (or not fallen) recently.

By: Pete

Pete — Tue, 05 May 2009 04:24:00 +0000

Oh, and who else here thinks that a rally in stocks would mean higher oil prices?

By: Pete

Pete — Tue, 05 May 2009 04:23:18 +0000

Dan Denning:
"If you were drawing up a plan for your dream economic recovery, this is how you would draw it up."

From who's perspective? A mini mining boom doesn't solve our economic problems. A 'recovery' from this very point could only occur with a HUGE influx of capital, directed into the right places. Mining revenue is not directed to the right places. Ultimately, mining revenue will not do a whole lot to fix the major credit issues we are facing.

...and where did I get this kind of idea? From right here!

The rest of the article was good though, a solid finish.