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**Tusethede** · 07-05-2010, 05:29 PM

Hi All

My take is the global economy will slow down and will finally affect Australia. I attended 2 auctions, one property with ESR $1100K and one with $550K last Saturday. Not surprsing to me...., there were no bids at all. This is an indication of things to come.....

Property ?
Some properties are going strong, it really depends on whether your target buyers got money or not.

Anyway, I am not sure how many of the foreign investment properties sold to Singapore buyers actually make money.

I believe that there will be a double dip global recession .........

Regards
AngKuKuih

There is no double dip, it is actually just one single dip, before the G-20 stimulus interfere with the recession just applying the wrong solution to the crisis.

07-05-2010, 05:29 PM	#7
Tusethede Join Date Oct 2005 Posts 437 Senior Member	Hi All My take is the global economy will slow down and will finally affect Australia. I attended 2 auctions, one property with ESR $1100K and one with $550K last Saturday. Not surprsing to me...., there were no bids at all. This is an indication of things to come..... Property ? Some properties are going strong, it really depends on whether your target buyers got money or not. Anyway, I am not sure how many of the foreign investment properties sold to Singapore buyers actually make money. I believe that there will be a double dip global recession ......... Regards AngKuKuih There is no double dip, it is actually just one single dip, before the G-20 stimulus interfere with the recession just applying the wrong solution to the crisis.
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