new home sales fell further in march, page-27

yes that is all part of the cycle, only one problem....

"more house's are put on the market" What houses?

New home starts are down and a shortage will result. Add to that an estimated 450,000 new jobs in WA by the end of 2010. The same estimate indicates a shortfall of ~150,000 people for these jobs. Where are they going to live?

My plan will work just fine and selling/buying back is not a good plan. Between CGT and then additional stamp duty to buy back in I would be taking 2 steps back. I am not saying prices won't fall, I am saying they won't fall to the extent some think. In fact I am sure of it.

While everyone has been selling shares, I have been buying and will continue to do so on each downturn this year. Use the same philosophy with property, which by the way I wish I would have learnt and applied over 30 years ago.

Property has never been short lived. It goes up and down over time like most assets, long term you will not lose. I am glad others think differently, I will gladly bank their rent money which eventually will become my passive retirement income.