Surely, they could have used a spokesperson & made it a more personalised approach rather than comparing the price of Banana Smoothies in something you’d expect to see them showing on Play School.

If you haven’t seen it as yet, here’s the link http://www.youtube.com/watch?v=gzbBUC3XsPs&feature=player_embedded

To me it doesn’t seem specific enough to your area. I live in Seaforth on the Northern Beaches and would be interested to see how the growth for the area has gone and specifically some of the surrounding houses.

Perhaps specific examples of sales that went under “market value” during the tougher times pre 2009 and then great sales results in 2009. Using vendor purchase prices and eventual sale prices and give the percentage of growth. Even the growth charts from RP Data would be interesting to the subscribers.

This is not a dig at the article, as it is very interesting and informative. I just feel it could have been more specific to your target area.

I agree with your summary and have also noticed a very positive attitude to purchasing throughout 2009 and specifically the last quarter. If the rates are not hiked too high then the market should stay in a positive mindset and not be scared to commit to a real estate purchase.

The recent interest rate hikes by the Reserve Bank could have an impact that will mostly be noticed around the Christmas cash registers this year.

I think because we are dealing with such low interest rates any further rate hikes could increase unemployment & hurt the property market.

I wonder if the RBA realise that they don’t have to raise rates by 0.25% each time. They can go up by 0.1% at a time and still send out a similar message about the economy.