Cate Bakos – The Property Buyer’s Golden nugget: I know I’ve used this one before, but I think it’s a good reminder that we should always pick the economist’s or the journalists that are right to listen to. There’s a lot of white noise and there’s so many opinions and we’ve covered, that if you’re really wanting to track how you think the outlook is headed, rely on the people that you found trustworthy in the past and pay careful attention to sentiment changes or to any points that they are raising.
Peter Koulizos – The Property Professor’s Golden nugget: my golden nugget is, don’t panic. In the headlines you will see some really bad news. We saw a couple of weeks ago Comm Bank predicting 32% drop in property prices, but what the headlines didn’t mention was that was in their very worst case scenario, what they are actually predicting Is a drop somewhere between 11 to 12%, which is what three of the four major banks think as well. Westpac thinks it’s 15 but the other three three think that it will be between 11 and 12. So don’t panic and I just want to reinforce what Cate said, get your information from trusted sources.