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Old 2nd May 2011, 18:10
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BYMONEK
 
Join Date: Jun 2004
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Pixy

The nature of the beast i'm afraid and Emirates can't be held responsible for the falling dollar. Ultimately, it will be for them to decide if a large pay increase is required to compensate for this fact. If so, the falling dollar may in fact play into our hands, up to a point.

Regarding property, I personally think the bottom has yet to be reached. There is an absolute shed load of vacant properties available for rent and sale, with many more units coming on line within the next 12 months. Just look at all the tower blocks around the marina still under construction. I predict 2 more years before we see things start to change and then it will be slowly does it. I also think Australia is heading for a mighty crash soon, just like Ireland and others before it. Property in many parts is hugely overvalued without a doubt.
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