blythefan-the perth market is a distortion,a product of the...

blythefan-the perth market is a distortion,a product of the resource boom w.a. is king there,personally in a broader sense i see commercial realty as key in any economic rescue,reason being other than demand,highrise is a direct reflection of material and labour costs,in this regard i doubt it will get cheaper over the next 5years,it is also
fundamental to preserve the value of commercial given the debt exposure worldwide,so any further slump will impact the entire financial system.

i think mof is fairly conservative not relying on trends to extract value,or churning,any recovery in resources should see reits strenghthen considerably,given current prices i think there is more upside in reits than resources,higher oil prices are hopefully on the way,then the worlds big finance machine will hopefully mobilise,driving reits and most of all confidence,though consumers will probably be unhappy