kingy, I don't think that anyone can know that they have got some great buys for another year. Only then will they know if they have bought at the bottom. We are seeing some great "bargain" prices around us, but no sign that they wouldn't be even more of a bargain later on.
I liked his attempt to inject some optimism by saying that "Brisbane, is in trend terms indicating that the worst of its corrections are probably over." Personally I can't see that at all. Properties are still selling at 15% to 25% below the initial asking prices - prices that eighteen months ago would not have been unreasonable. Plus one block of land at 90% below a/p, or only 10% above what it sold for in March 2007.
