Originally Posted by
winner69
Jeez Percy your reading of the Oz market is spot on
Oz house prices fell in May. The paper says the biggest fall in 6 years.
And an impending implosion must be about to happen Like Melbourne prices fell about as much as they fell in Hobart. What a disaster for those people .... And no doubt they owe the banks heaps as well
Just as well HNZ are insulated from this.
PS did you read about that private school in Melourne with 1500 students going broke the other day owing $18 million in debt ...... To the banks. A sign of the times eh