Its ironic, but this whole financial mess is the best thing to happen to ME financially (sure I'm in the minority here :P).
Its forced Australian interest rates down - meaning I save immediate, and real money on my house interest payments.
Its also forced the AU down significantly - meaning every $1US my company earns has turned from $1.10AU to almost $1.50AU.
I really doubt that Melbourne house prices will drop at all as well - with the extra "home owners grant", lower interest rates, and such a under-supply of rental properties. If one thing would ever completely *destroy* the Australian economic base here - its a significant drop in house value. Just about everyone I know who owns property, uses their house as leverage to get lots of credit (and owe heaps).
Gesta Non Verba
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