A lot of good stories in AFR today
housing collapeses ring alarm bells p30
the housing downturn in NSW has last 48 months - the longest in the history of Australia since World War II
The NSW residential market has fallen over 40 percent from the peak market experienced in 2003
Sydney has been hammered by lack of affordability, by lack of confidence as slare prices slide and by the loss of investors wary of the stat government that introduced the vendor tax.
Noosa piles lose their attraction p17
selling of holiday homes at "15 percent less than they would have achieved last year"
Lots of good news stories like that.
It's like waiting for the giant to topple over and when it does a lot of people will be cheering I reckon.
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