First off, house prices are still rising in Australia, but for the second month in a row sales are falling. Here in Melbourne, the average house price is now $510,000 according to the RP Data Index. Melbourne prices are up 15% since January. Granted, that’s not quite as good as the stock market this year. The All Ords is up nearly 30% year to date. But it’s not bad for houses is it?
December 1st, 2009 | Dan Denning | 103 comments | ContinuedAll Posts Tagged With: "Aussie house prices"
Traders Sell Bank Stocks Due to Goldman Sachs Surprise
What we wonder is why Goldman needed to be made whole at all if its exposure to AIG was hedged? And why did Goldman get paid US$14 billion for its securities when the market value was around $8 billion?
April 15th, 2009 | Dan Denning | 36 comments | Continued
