What the rising dollar means for property

Safe haven money propping up the Australian dollar is volatile, but there are other markets, particularly property, where the same safe haven investments are 'locked in' and creating long-term shifts.

Last night’s rise in the Australian dollar against the greenback, at a time when commodities were easing and the American dollar was rising, delivers us a series of important messages.

And those messages will have particular significance to the property market and may help explain the strange goings on behind David Jones' recent suitor.

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