Doesn't anyone seem to get that this is classic post boom plateau. In shares often get double top where ardent bulls + those who missed on initial run out buy pullback thinking they have a bargain. I have made alot of money out of property over the years by buying when interest rates were high. Less demand and if made sense at 10% plus interest rates was a goer. I will invest in whatever will make me money I have no allegiance to any asset class. But this artificial propping of property market is the most obvious top in any market I have seen in many years. Shares down 40%, lowest interest ratesin 40+ years, increased 1st homeowner grant and states are mixed bag best 3% gain. This shows a market with very poor underlying fundamentals. Even if they don't pull increased FHOG those who were to purchase in next 2 years have bought forward purchase, and interest rates can only go one was and that is up (see NZ). I'm incredulous that many cannot see the obvious.
