no boggle eyed spittle spraying please, page-8

Lordeplus

It is very simple as I have already explained

Simple economics low supply + high demand = price increase

Now for the part you like to ignore

Prices will ONLY increase to the point the purchaser can no longer afford it or is not prepared to pay the price.

Real estate is so way over priced it is a joke regardless what criteria you apply to valuing it. (especially here in Perth)

Will it drop 40% - who knows but there needs to be 10-15 years of price stabilisation to bring back some sort of normality to the price, so there is far more chance of price falls rather than rises.

Now off you and your mates go with your usual abuse about me being a loser waiting for government hand outs