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Are we on the cusp of an upswing for property?

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Originally Posted by topcropper (Post 780606)
The strength of the aussie dollar is a big reason.

There are disease issues regarding importing bananas. So they aren't imported. And banana production has moved north as land prices are much cheaper and flat land is frost free in far north QLD, meaning easier production compared to climbing around a mountainside as you have to do in southern banana growing areas to get frost free. And then a lot of the mountainside banana farms at Coffs with ocean views were all of a sudden worth 10 million dollars to a developer, so they're all covered in housing now. So now cyclones wipe the crop out up north.


See ya's.

Thanks for explaining about the banana! Also I agree about the strength of dollar having an effect. We don't really know what is long term effect if we are the strongest economy compared to UK or USA (we can't compete with China/India.) Although in terms of population numbers we are pretty insignificant so not sure if we can have much of an effect even with our comodities. I don't think the banks know what the high $AU dollar means in long term so are hedging their bets either way. The market will probably be flat over winter and then we'll see. A lot can happen in 3 months.

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