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quote:George-Hi all
Get confused with all the opinions on property.
If, or when, our dollar drops, won't that mean that overseas folk will travel more and perhaps also, to buy our property, which would put a floor under values at not much less than they are now?
If that is true, how high would our median property have to go before overseas investors consider it too expensive?
George
when the dollar drops then a new wave of foreign investors will invest... the smart ones are waiting for imminent dollar drop... the floor that you talk about is possible... it may just be a sideways market for 5 years or something like that, or a minimal drop of 5% as trackers talks about...