Denham Jeans

Monday, August 21, 2006

Where is your treasure?

It seems that the outer-suburbs of Sydney have suffered a sharp decrease in the value of property recently.

The Herald checked 16 properties in south-western and western suburbs listed at the weekend and found 60 per cent had prices or had attracted offers at a discount to their last sale price.

People who paid for their block of the Australian Dream look to be very much worse off by the increased costs of travel and a few interest rate rises combining to hurt mortgagees who haven't bought wisely.

What a great treasure we have instead.
"Fear not, little flock, for it is your Father's good pleasure to give you the kingdom. Sell your possessions, and give to the needy. Provide yourselves with moneybags that do not grow old, with a treasure in the heavens that does not fail, where no thief approaches and no moth destroys. For where your treasure is, there will your heart be also.

Luke 12:32-34

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