Forget the stockmarket, if anything can be learnt from the 50% crash is that the real economy is next and that means property will be effected. You can try and argue what ever theories you like, but the proof of property price falls and the economic conditions for further falls are there.
If you think that rents and yields will not be affected either as has already been seen in the commercial market, I would like to hear who is going to take up the slack from the large overseas contingent and FHOBs leaving rentals and building new houses with their $25,000 grant.
The biggest bear trap is the FHOB grant these young-uns wont know what hit them.
