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Spooked Stockmarket Investors Park Cash in Property”
“Shaken investors who endured a rollercoaster week on the Australian Securities Exchange will try to find their sea legs in the stability of property, economists predict, which could potentially push house prices up further.
“As a knee-jerk reaction, investors are seeing the volatility of the financial markets, and asking themselves, ‘where else can I go that’s not as volatile?’” St George Bank chief economist Hans Kunnen said.
“Property is an answer. They say, ‘I’m not having a bar of the sharemarket; I’ll stick with bricks and mortar.” |
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