[Photo Galleries ][Polls Discussion ] [ Go to Castlebar ] [ The BB Index ] [ Disclaimer ] [Nostalgia Board ] [Roots ]
[NB Refresh for current version and all follow-ups]
Posted by Tuars on June 10, 2004 at 20:53:30:
Australia's housing bubble appears to have burst following an 8% fall in house prices in the last quarter.
The Economist magazine said the fall in prices was due to mainly to two facts:
- first time buyers had been priced out of the market
Does that sound vaguely familiar? It couldn't happen here surely.
There has to be a rise in ECB rates sometime...