wow i give up, page-50

"This is inline with my thoughts that the Australian market has yet to experience a real property crunch."

And it wont. The only crunch will be in commercial property. Australia is unique in that the demand side of the equation is so much stronger than the rest of the world in terms of residential housing. It's a very desirable place to live, especially up here in Qld. Land is limited, population is growing. Prices can only go one way long term. UP. Short term we may see a 10% drop but the major cities will not see anything like 20%/30% falls. If people are waiting for that to happen before they purchase, they will be renting forever.