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What happens now Greece said 'No'?

Discussion in 'Property Market Economics' started by Dhiren Chandvania, 6th Jul, 2015.

  1. Dhiren Chandvania

    Dhiren Chandvania New Member

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    Share Market is sharply lower and wondering what if this shall bring some relief to the property market in Australia, specially Sydney?
     
  2. Azazel

    Azazel Well-Known Member

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    Our dollar is now the lowest it's been in 5 years apparently.
    In theory that would increase exports.
     
  3. Rixter

    Rixter Well-Known Member

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    Property market will carry on as usual.... it's survived wars, depressions, recessions, GFC's etc
     
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  4. Big Will

    Big Will Well-Known Member

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    The price of saganaki goes down and property in Australia continues as normal. If anything more people will want to migrate from Greece to Australia (Melbourne most likely) which would increase the demand on property thus increasing prices.
     
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  5. JDP1

    JDP1 Well-Known Member

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    If anything, it will help safe assets like property. And the lower dollar will help it too with more foreign investment looking for a safer home. Maybe some small short term volatility , but small for property market and definitely short term.
    More volatile for shares and dollar.
     
  6. datto

    datto Well-Known Member

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    With possibly more migrants from Greece coming to Australia my bet is the price of ouzo will skyrocket.

    Downside is that wog boys will make a comeback:(
     
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  7. willair

    willair Well-Known Member Premium Member

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    The bigger problem will be when they open the Banks,or if they open their banking system again if they only have 20% too cover bank holding on paper..
     
  8. Azazel

    Azazel Well-Known Member

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    Oh man, now I've got a hankering for prawn saganaki.
    Some sources put Melbourne population growing quicker than Sydney already, if people start flowing out of Greece, Melbourne would be on their list for sure.
     
  9. Pistonbroke

    Pistonbroke Well-Known Member

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    More souvlaki bars and Greek cuisine.
     
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  10. Chomp

    Chomp Well-Known Member

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    What about house prices in Greece, bargain time ?
     
  11. JDP1

    JDP1 Well-Known Member

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    F---yes! Swoop in I say.
     
  12. devank

    devank Look, lets just get on with this, ok? Premium Member

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    Does it open up any opportunities in our stock market? If yes, which ones would you consider buying?
     
  13. Chomp

    Chomp Well-Known Member

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  14. Chilliblue

    Chilliblue Well-Known Member

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    There are plenty of ex Greek citizens going back and placing offers on property - especially those located in the less touristy islands
     
  15. JDP1

    JDP1 Well-Known Member

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    Lamb souvalki for me...
     
  16. Tillie

    Tillie Well-Known Member

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    Loving Greek food. Greek lamb roast or souvlaki. Yum! Feeling hungry.
     
  17. JDP1

    JDP1 Well-Known Member

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    Not really..our listed companies do bugger all business with greece. China will impact the asx200 much much more..
     
  18. bythebay

    bythebay Well-Known Member

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    Most of that debt is carried by IMF not private banks.
    impact on global banking system will be minimal
    Aus should not be significantly affected
     
  19. JDP1

    JDP1 Well-Known Member

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    Yeah..no significant private company wants to get involved. Not now and not even in a yr..their credit rating is an F. I don't know how they will attract foreign investment in the near future. The yields would have to be incredibly good...
     
  20. JDP1

    JDP1 Well-Known Member

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    Just checked..Greece is CCC negative, Ukraine has a higher credit rating at CC.