Thursday, 8 September 2011


H/t to Super G for the link and heads up. Southside property slumps hard

Brisbane's southside has recorded a larger slump in house prices than any other region in all state capital cities, new analysis shows.

Prices in the city's inner southeast tumbled 8.1 per cent in the three months to June, according to figures released by RP Data yesterday.

Thats the beginning of a crash. A common pattern as has always happened throughout history. For anyone that thinks this is blip, some sobering previous posts:  
What a crash [that brings down the banking sector and spikes unemployment from 4.5% to 13%] looks like.

Unemployment data "surprised" many economists today with its increase to 5.3%. (edit QLD jumped from 5.7% to 6.2% - its on!)

Surprised? What do these friggin idiots get paid? I wonder if they'll be equally  'surprised' at 6%, 7%, 8%, 9%?

At 10% and above the fuckers won't be surprised as they'll be too busy waiting on tables, washing dishes and picking up stinky beer glasses.

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