Agreed - however employment is a problem in the resource states - can't get enough people -and thats fair dinkum.
Real real problem - for that to turn around you will need to kiss China, India and the tiger economies goodbye and we will be in so much trouble.If interest rates rise it will mean the economy needs to be cooled and therefore all is cool.
That scenario appears highly unlikely and for everyone in Australia hope it does not happen and I am sure you would agree. Then property will be at the back of the asset class in plunging values. Still the safest asset class.
