the dalek
the last 12 months was not the biggest price boom in aussie history, IT FELL 15% IMEADIATLY BEFORE
try looking between 2000 - 2003 where prices doubled.
the big boom has past, this is what we call in the industry a dead cat bounce.. a boom that will fail as its fundermentally flawed.. reason being this bounce is sprung from low interest rate and FHB boost.
its all down hill from here. Mortgage data ilustrates this quite clearly
