imported_bingobazza
05-11-2005, 02:07 AM
Local lending rates, I believe, are 2%, rental yeilds are around 6%, commercial banks will lend up to 75% of purchase price for residential property. Property has lost up to 90% of its peak value in major cities in last 15 years, and grew last year by a percent or two, and US based REITS bought @$20bn in the last 6 months in major cities....your thoughts?
Bingo
Bingo