I've been waiting for this since 2005
I even been calling 2008 as the end of the boom and saying why to my mates..
they all laughed.. and what i said has been unraveling.
if i get it all right, then prices will fall 40% - 60% on the basis of what it REALLY costs to build, and the REAL supply and demand.
remember, AU population growth is 1% P.A not enough to trip this redicules growth.. since 2000 housing should only be up 40% not 300%
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- house listings up 40 percent yoy
house listings up 40 percent yoy, page-10
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