The housing market will just be like a stock that gets oversold when the tide turns.
We are heading for a housing interest rates rise decimation of the property investors.
What the stupid dills do not realise is that the USA is going to raise rates MASSIVELY in order to attract new Foreign money into the USA to prop up the deficit.
Australia will have to play tag with the USA to reduce "flight of capital" from our Country.
We will see rates go above 12% over the next 3 years.
The World is living beyond its means....Australias interest rates will be dictated too via USA interest rates.
