And what do you acorn? Aside from dodge questions and try to get a rise of me by asking personal questions rather than talk about property.
1& 2 The facts and figures in 1 & 2 I quoted are all in the "useless articles" you didn't read. So how about you either read them or fact check yourself and then answer the questions.
3 Investors have gone from 12.5% to 60% in 25 years. Perhaps that is in a large part do do with changing super rules but doesn't mean its any less dangerous. Owner occupiers aren't likely to sell in a down turn unless they lose their jobs. Investors on the other hand will sell if there is a sustained dip in prices on properties they are losing money on anyway. This is property investment 101.
4 Its already a happening at the coal face (pun intended) in case you hadn't noticed. Perth has twice as much residential stock on the market as it did at this time last year and vacancy rates for commercial property is above 6.5%.
5 What don't you understand about this question. It has been acknowledged by both industry professionals and just yesterday by the FIRB that Chinese have been breaking FIRB laws and buying pre-existing residential homes across the board in Sydney in Melbourne. Tony Abbott has commissioned a task force to set up a national registry to check all purchases and make sure they are legal and this will lead to the forced sale of these illegally purchased homes and no further illegal buying by foreigners - Check the FIRB thread for the relevant articles.
6 I'm not predicting a slow down, I'm predicting a (eventually massive) correction. The question was do you accept that prices will potentially drop/go down by 10-15% at least??? Jeez to even suggest such a minor correction seems to be tantamount to treason let alone suggest that property might crash even harder. So do you accept that there will be any price reduction or does property alway go up and in a straight line forever in your world?
Lets see some answers this time, not "I'm too lazy to scroll back so provide footnotes to the articles just above these posts or I refuse to answer"
