I know what the official figures say. But I see a lot of people making major purchases of late. A lot of my friends have brought a house. A lot of them are also upgrading their cars. One sold his car to a lady in QLD, and she flew to Sydney and gave him a wad of cash. Personally I don't see how they manage the massive debts in this environment. But they all seem to be doing fine.
I donít see the economy getting better mind you. And some of these massive mortgages are a worry. Is the bailout mentality rife atm?