The RBA warned FHB's buying into a cyclical upswing ... now why would they do that ... if they weren't working on the very safe assumption that there are likely to be more and more downturns that before ... they even said it if you cared to look beyond the "headlines".
Find me another central bank anywhere in the world that has warned that housing is about to enter a downturn ....
... tick ... tock ... tick ... tock ... pop. The game is over and probably before the year is out the pain will start.
