property pricing has been over valued since 2003, making money since then has nothing to do with intelligence, it was just stupidity that turned into luck created by governments encouraging property investing. No different to brokers all recommending 1 stock.
the reality is in any market bubbles always burst. just because housing cycles trend slowly doesn't make now the norm.
if you want to argue Australian market is not priced incorrectly and there is real reason why its the most expensive place to buy in the western world then at least state your case, don't just beat your chest.
RBA has said prices are too high, government is even saying prices are too high. and banks obviously are thinking that way too. Its just a reducing amount of property investors now who havnt twigged yet it doesn't add up.
