australian house prices down 10% from peak, page-17

Any individual could have bought property through the following method in 2000-2002 and would have been almost assured to make a substantial profit over the last 10 years:

1. Got a map of Australia
2. Got a throwing dart
3. Put on a blind fold
4. Throw the dart at the map of Australia blind folded
5. Bought a property in the location of the dart
6. Sold it any time over the last few years

And why you may ask? We simply had the biggest credit expansion (binge) in history....

Now for the long and painful hangover.