"If you claim prices will rise, explain where you think the money is going to come from? For someone to buy your house for more than you paid for it..."
hang on a sec, this thread's about crash or no crash. but you raise a point about properties being sold for less than they were bought for, i'm sorry to rain on your mardi gras, but the australian property market has spoken, the number of sales was at an all time low before the government boosted the low end for more turn over. Low turn over suggests people are willing to hang on, grin and bear it, walk away from people expecting to buy their home for less than they paid for, and with interest rates relieving stress during a recession i cant see a 'crash' coming, only some deflation in median value which across the board sits at something like 3%.
and before you can say 'higher interest rates' you need to understand what inflation does to an asset class such as property.
