We have come a long way from when we were being told daily that 30-50% drops in Aus property prices were on the way.
If it wasn't so sad for those hanging on to that forlorn hope it would have been amusing.
OK so sideways for Aus property, it is possible when you are talking overall medians, city wide.
I still think that an investor focussing on certain suburbs will see good growth during this period.
However, as the rents keep creeping up and the rental returns get more and more attractive it will all be leading to an eventual explosion of investment in property.
When will that happen generally? I don't know for sure but I think 2009 will show the first rumblings. Prices we see today will seem like bargains in three years time.
