12% PA divvy cut is a bit much just because Moody's re rates it down one notch.
it basically equates that their borrowing costs must increase by at least 50 basis points-but that is pie in the sky fantasy.
ps- you must also remember that this mob-Moody's, are in bed with our big banks and the Turnbull government.
it amazes me that such an outfit can be considered a benchmark for financial institutions.
ps- the possible bubble in real estate is Melbourne and Sydney.
Brisbane has at least 30% growth in house prices (not units), over the next couple of years.
cheers crazypunter
12% PA divvy cut is a bit much just because Moody's re rates it...
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