re: re:depression coming soon-property
For the housing market to remain healthy the boom had to end in 2000 before the olympics and the GST. Everything was slowing down and should have in a reasonable market with reasonable rental returns.
THe first home buyers grant, along with low interest rates, is to blame for the bubble that we are now experiencing in Australia.
BIS Shrapnel has suggested 10% interest rates, as conservative for 2-3 years down the track.
