No, actually, we haven't seen this for over 20 years.
The fundamentals Peter,laughable mate......
Rental vacancies up 50 yoy, a year ago they were also up 50% yoy. Normal fundamentals in the rental market Peter when was the last time we saw that shit.......NEVER. Not only that, population growth peaked in sept 2012, jobs are being shed like no tommorow, building oversupply is through the roof rents are crashing.
You want to talk fundamentals Peter, talk to me about the fundamental of how our jobs just wont keep vanishing because our wages are so high. Not just compared to china but compared to the US euro or UK.
Talk to me about the fundamental of computerised automation talking the rest of the jobs. Telco services, bank services , financial transactions, checkout chicks. Talk to me about the fundamental of the modern world and the net where some indian can now write me a program or do my homework for a mere fraction of the cost it would cost here.
Rates at zero for six years overseas, is that a fundamental you have ever seen in your life or even close to it.The fundamentals have changed alright, like we have never seen before. But some dopes still can see it, even though its all been explained very clearly over the years. Look at the economy Peter, record jobs losses like I told you years ago. Interest rates going lower and lower like I told you they would years ago, when you told evrybody to fix their rates in 2011, because you had it on good authority they would rise. I clearly explained why they will only fall. You did not have a clue then and still dont.
This home recently snapped up for $1.15m and now listed to rent at $450pw - a whopping 2.0% gross yield. Thanks again to the very generous Australian taxpayer, who we shall also call upon to clean up the mess when things turn ugly.
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