DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**Tw1anJOO** · 05-30-2010, 09:11 AM

Nothing last forever, and anything is possible. However, if there's a crash, it will not be as bad as the US.

The only reason Australian banks are not exposed to subprime GFC because their investment in America are relatively small, not because they are better.

There are a few indicators that would affect the housing market
1) Population growth
2) Employment
3) Economy of Australia
4) Supply

I do not see any negative signs at all.. I am saying this without refering the statistic figures produced by ABS, AHURI, REIV, RP Data, Housing Associations etc. If you open up the data books, you can double confirm it will be going upwards..

Now, someone might argue the Subprime, Greece, low USD etc.. It depends on whether we rely much on them.. for SG, I would say yes..

Alright, everyone is entitled to his/her opinion.. We shall wait and see.. After the dust is settled ,I expect it to have another jump in prices..

05-30-2010, 09:11 AM	#6
Tw1anJOO Join Date Oct 2005 Posts 404 Senior Member	Nothing last forever, and anything is possible. However, if there's a crash, it will not be as bad as the US. The only reason Australian banks are not exposed to subprime GFC because their investment in America are relatively small, not because they are better. There are a few indicators that would affect the housing market 1) Population growth 2) Employment 3) Economy of Australia 4) Supply I do not see any negative signs at all.. I am saying this without refering the statistic figures produced by ABS, AHURI, REIV, RP Data, Housing Associations etc. If you open up the data books, you can double confirm it will be going upwards.. Now, someone might argue the Subprime, Greece, low USD etc.. It depends on whether we rely much on them.. for SG, I would say yes.. Alright, everyone is entitled to his/her opinion.. We shall wait and see.. After the dust is settled ,I expect it to have another jump in prices..
	Quote