Industry Focus

Real Estate • Issue 3

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ECONOMICS Past performance is not a reliable indicator of future performance. The forecasts given above are predictive in character. While every effort has been taken to ensure that the assumptions on which the forecasts are based are reasonable, the forecasts may be affected by incorrect assumptions, or by known or unknown risks and uncertainties. The results ultimately achieved may differ substantially from these forecasts. Chart 1. AUD/USD & AUD/JPY Chart 2. AUD/EUR & AUD/NZD Chart 3. The Australian dollar & 2yr swap spreads Chart 4. Australian dollar & US equities: volatility Chart 5. Australia's net stock of liabilities Chart 6. Australian external financing gross flows Australian dollar Real Estate Services • Issue 3 15

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