property is in for a "bumper year!", page-32

Sector when people say 'all-time' they mean all-time that has been record or has been (you know that, don't you?), NOT 'all-of-time' - including the future.

There is not disputing that due to factors you mention, like inflation.. will continue to drive property prices up. When some (some, as I speak for myself) of us so called 'bears' talk about corrections and crashes we are talking about potential short to medium term events. Now if a market overshoots the fundamentals or affordability. One of a number of things needs to happen to bring it back to a more stable level, one that can be supported by the longer term fundamentals like wages, debt serviceability, appropriate yields.

US house prices will get back to the level of pre-subprime and eventually exceed it, but its either going to take time, more money printing and the money printed actually being dispersed into the market to drive inflation, increasing wages higher profits etc..(that's why I said to FB not to discount the possibility of median house prices being $1m sometime in the future, but there has to be something to support it - like much higher wages or much cheaper credit or a combination of both..)