housing to devalue 40 to 60 percent, page-138

I think we will get a clearer picture for mortage defaults in australia in the 3rd. quater of the year.

Fact is peoples ,who default will not boost the economy again in the short term and for new buyers are still the very high rates in the way.

And as everyone know in australia, fees,bills,fares etc always keep going up every new finanz year.

Prices only come down for closing,PC,Radio,Electronic articels made in China.

Bigger and larger problems will arise on the horizon for Australia than to see any benefits from the resource boom.

Cheer's