Agree with you there UT, i don't expect a massive drop, but i think we'll see negative real growth (accounting for inflation) over the next 5 to 10 years.
One thing i've noticed lately is that it appears to be the middle band of properties doing the best in terms of price growth in Melbourne. We're looking middle to lower for those burbs within 30kms of the city and certainly the low end are not rising by as much as the middle appear to be.
That said i don't really look at the top end so can't comment on that.
Jobs data this week will be interesting, a couple more rate rises and we may see some impacts on the housing market.
