australia's housing bubble deflating, page-34

Redmonki, good question. I won't say its a better question but lets not get into whose question is better otherwise we will go in circles.

Property price went up 20% because there was demand or the bears would like to call it "speculation", and ofcourse government intervention and the lowering of interest rates helped. I don't care because i was in the market and my properties prices are up, rather then predicting the market.

the 40% prediction was made 2 years ago since then the prices has gone up 20%( your words), don't you think the prediction needs to change to say around 55-60%??

Kindly, i am waiting for the answer to my question.

cheers,