The Reserve Bank people have only gone and mentioned the 'R' word, haven't they. So, that's 'good' (if you are not trying to buy) for the housing market too. The question of how many forced sales we may or may not see during the year again relates back to the labour market. Our housing market remains extremely vulnerable, simply because so many of us have a vested interest in it, aided and abetted by banks that are hugely (over?) At this stage, I think we are showing every sign of 'getting away with it', but the labour market will be pivotal.
