Add up the Australian residential development pipeline and how many excess houses does Australia then have? [I have no idea - jsut asking question]
Main thing that will effect residential prices here in my view is if banks change lending policies either via factoring in yield (i.e rent) in the equation (as a sort of PE) - rather than fixing it to asset prices alone - possibly lending up to PE of 20 rather than the ludicrous PEs of 50 they are lending on today - and / or - altering the LVRs they approve from a mind boggling 110% to something less risky.
Ask yourself what might happen to price if, instead of not needing to put any cash down, people would need to stump up 30% deposit [300k] to get in the door...!
what are we in store for this week...., page-8
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