Yep, all that money around the world is flowing into property that is why prices all around the world are falling off a cliff.
We just been through the biggest global property bubble in history and it is has burst in many countries already and is on the verge of bursting here.
OK now that is out I will go onto point two.
First home buyers who think that an extra $7,000 from the government is an excellent windfall without seeing the signs off a very sick market jump in, leaving their rental house. They do this even though they are at risk of loosing their job and having negative equity in their house and can wait for even better prices as the bubble unwinds.
