The worst is not necessarily yet to come for the ASX. The worst is yet to come for the Australian real economy, which in turn, mean the worst is potentially yet to come for Australian property. If the real economy is further tested and property does not fall further, then all well and good and Australia has survived the international downturn extremely well (again!), compared to other countries. Fingers crossed!
If the worst is yet to come on the ASX (which I do not believe is the case), then the worst is definitely still yet to come for Australian real economy and property market.
