when will we learn

That’s what Australia said about their Listed Property Trusts 65% ago.
In Australia vacancy in retail is 0% office is very low. Growth is still coming through at around 5% in a 1.5% inflationary economy, gearing is low, interest rates have dropped with 3 rate cuts, Australia's main trading partners are the Asian tigers, China in particular, so fundamentals in Australia are far stronger. The economy here runs a budget surplus not like SA's 7.8% budget deficit of GDP.

I don’t buy it, when a lot of people try and exit a very small door it gets nasty. In SA nobody in property stocks is prepared to be the 1st to exit with a big knock, but the knock is coming...................

-----Original Message-----
From: Brian Azizollahoff [mailto:briana@redefine.co.za]
Sent: Thursday, 13 November 2008 7:18 PM
To: Michael Berman; aazizol@attglobal.net
Subject: RE:

Maybe it's today...

The thing is that fundamentals here are still ok so growth outlook is
positive. This is keeping share prices up.