18.10.2011 - Australia: Property values sliding, says Bill Moss
Commercial property values have further to fall, with the strong Australian dollar masking poor returns, according to former Macquarie Group executive director Bill Moss. "I'm not saying Australian real estate will collapse; relative to the world it's in pretty good shape," Moss said. However, the chairman of adviser Moss Capital and former head of property at Macquarie argues that in a world no longer fuelled by debt, the US dollar and US equity markets have become an even more dominant force..............................................Full Article: Source
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