Originally Posted by
Icarus2001
Yes but all you keep talking about is real estate and airlines, or in particular Etihad.
The Australian economy is much more than these sectors.
Again I ask where is the evidence of two quarters of negative GDP growth?
you don't see the real estate that doesn't sell in any figures.
Either one of 2 things happens:-
1) vendor is not desperate & despite real estate agent saying you'll get a great price, very little interest at that price & agent suddenly says, market has dropped, you'll have to take less(but agent won't drop his commission) he/she takes property off the market
or
2) vendor is desperate but doesn't want to sell for more than he/she paid year or 3 ago & hangs on until bank repossesses property. Takes a while for bank to hold a no reserve auction.