good news, page-20

Ok I have a link to a graph that may test my theory .You can see the change around 2001 level with house prices .Perhaps when they reach back down to that level will be when the bottom is in .By that level i mean when real prices become close to level with the other trends.The lines come together into something sustainable.imo

Of course this is just my opinion on this but you have to have something other than the gut feeling sometimes.

Hope this link comes through as if you take across the real house price it flatlined across from 1997 to 2001 and then came in with all the other trending costs.ie income rents construction costs and real house prices.boom it took off.

There is of course other factors but real house prices are well out of kilter with other trends .

Im a bear but not a super bear as i still believe we have to many different things in our large country that effect everyone in a different way.

http://www.rba.gov.au/speeches/2008/images/sp-so-270308-graph1.gif