Property values hinge on the Euro debt crisis and China growing strongly into the foreseeable future.
Should defaults occur by countries in the Euro then that will have a flow on effect for demand for Chinese goods and for Australia.
While unemployment remains low in Australia and salaries high there will not be an American style crash in Australia.
However if the wheels fall off in Europe or China our unemployment could grow to 6.5% or more then you can expect high levels of defaults and significantly lower property prices.
