Different economic cycle exactly and ours as a commodity economy is finally coming to an end with the collapse of the mining boom.
And just to confirm above besides a google search,captain kev has said we must transition from mining to manufacturing and agriculture LOL a bit late,was this advice from his newly appointed 24 YO son as his chief adviser and at the same time Kev introduces new compliance regulation for business.
Wont have to wait 5 or 10 years imo for what it's worth probably not much ,all indicators are 2014 will be australia's financial crisis.
ps the US might join us with their hot potatoe eg QE,or china with theirs eg shadow banking or europe with theirs eg well i'll blame the euro.
So clearly anyone can understand what has supported our property market but for the first time in a decade the economic conditions have and are changing.
So property bulls drink up the party is nearly over. cheers.
