Property bubble fears are overblown
Property bubble fears are overblown, it always seems hard for our largest bank CBA to avoid being caught out ripping off their average client. If it’s not stealing money through financial advice that only benefits the Bank and their Financial Planner, then it’s about making claims on life and trauma insurances almost impossible for those who have paid insurance to CBA in good faith for years only to be turned away when they need to claim!
The following story is closely related to our last Blog. This time the Commonwealth Bank of Australia chief economist has spent his bank-funded time doing something that will be exceptionally helpful to us all!
He informs us, (after much counting and checking I should imagine) that the headline about an Australian House Bubble has now appeared three thousand and ninety three times (3093) in the media over the last 12 months. Isn’t that fascinating!
Mr Blythe goes on in his article to explain with some nice graphs that like nearly everyone else in Australia who knows a little about how the Australian Property market operates, that there is no bubble and we are very unlikely to see one for a very long time.
Again, a headline similar to No Nuclear Attacks on Australia Predicted This Month! … Another headline we could write about but what is the point?
Full story http://goo.gl/7wVAU7
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~ Lime Property Solutions
