Correspondence: Property ladder and applauding the optimists

One member discusses the property market, while another welcomes a break from the pessimists.

I've just read Robert Gottliebsen’s article, A new China factor. I don’t know how anyone other than a property developer or a current homeowner could welcome a flood of overseas buyers putting up the price of property in this country. There are people having to take out mortgages that they may never be able to repay in order to put their feet on the bottom rung of the property ladder.

One other thought; I know someone who won't be feeling euphoric if Tony Abbott becomes Prime Minister!

MD

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