You haven't proved a thing. The claim made by the doomsayers here is that the Australian property market, not some segments of it, is about to fall by 40-60%. Your response to my challenge fails in two respects:
i. You give a time period but no back up figures that demonstrate the Australian property market (that's everywhere) fell 40-60% in that period.
ii. Your specific example only supports my point not the one you think you are making. I am well aware of the circumstances of western sydney and it is a segmented circumstance. Eastern Sydney hasn't done the same thing has it??
To use your own words, I'm quite happy for you "to ruin a good story with the facts... or your knowledge" but please make them salient to the point.
We'd have no argument if the doomsayers made reasonable pronouncements such as some areas could fall by by 40-60%. That's why this whole debate is so pointless - only one side is considering things reasonably and I'll give you a clue - it's not the bears.
