the bubble burst in 2008 when the cost got too expensive to maintain on the economy, did you miss it? Melbourne prices fell 15% over 9 months.
but as you would know, home loans were cut in half as well as other measures, to protect jobs, and boost spending to stop the economy crashing in Australia.
its your current emergency rate cheap home loans which is temporarily inflating the prices at the moment. Thats why housing is starting to fall again now rates are returning back to normal.
stay tuned, should be crystal clear as the year progresses and they start putting TV documentarys on SBS and ABC to explain it to the slow folk who didnt realise what was happening at the time."
