You make good points, but the housing numbers given imo have always been incorrect, especially median house prices by RPdata.
During the 2000's when i was purchasing, the median house price was never ever offered on the market.
For example, Frankston when i bought was going for 237500 and the median was 205000. And i tell you what, there was NOTHING for that the median. Same as Oakleigh. Even when selling, agent always had it 10-15% over median.
if you factor in that most people from 2006-2011 paid 10-15% above the median, we will see 50% decline.
Bottom line is we both agree a big move down is on the cards.
The next 15yrs will be about cash flow for those property investors and not growth as the will be negative.
