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RE: Morgan Stanley Warns of Waning Chinese Investment, a Major Aussie Bank Stress Tests a 30% Property Crash, and Delusional Economists Expect an RBA Rate Hike - Australian Property Market Update for Week Ending 6 August 2017
Thanks for the comment. I had initially mentioned the 2% decline as a reflection of true Australian industry since we have a lot of commodities orientated business going on here. However now you have pointed out some true "industry" - immigration. It seems to me a lot of immigration is in the education tourism sector. I know a couple here, now they are driving Uber. Headshake, according to my reviews Uber pays too little, therefore car depreciation cannot be compensated. I haven't told them yet, don't want to mess up their day.
Yes, good point. Eventually, the end of the mining/commodity boom will impact all of Australia. Unfortunately, we keep spending like the iron ore price is $180.