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Showing posts with the label Proquest ABI/Inform real estate bubble cairns townsville kerrie young robert larocca bottom bubble crash australia

The bottom

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There's a lot of bottoms being proclaimed lately and coincidently most of those proclamations are from people who are arses. Sniffing out the real estate talk around the country is a pretty simple job, bookmarking a butt-load of newspapers and visit them on a semi-regular basis to see who is spruiking. Across the last week the bottom has been proclaimed in two North Queensland markets, Cairns and Townsville. While Cairns is stinking it up, Townsville isn't completely rotten, yet has been in suspended animation for a while. But that's all over because Gold Coast property consultant, Kerrie Young, was up to speak at a business breakfast and let rip with the following ... "You are definitely in a good position to come out of this downturn. People out there waiting for it to get worse or get to the bottom, it's (already) the bottom of the market. If you are hesitating, don't, get in now." Of course no one's going to turn up to the local branch of the Urban...