Jellin...I'm interested in your reasoning for a 'crash'?
Australia has nearly full employment....what is going to be the trigger that causes me (and everyone else) to sell at panic prices. If i'm employed and happily paying off my loan, why would I sell, why would my bank want me to sell?
{I'm talking about average middle market here, not high end markets where large fluctuations are normal}.
If your comparing us to the US, they have plenty of states at or above 12% unemployment....are you tipping double digit unemployment like the US?
Rental demand is also increasing, in fact Sydney has a chronic shortage on rental properties within metro area, Melbourne is similar. There is a shortage of medium density housing in metro areas.
The carbon tax will also make housing more expensive, cost of building / replacement value of houses will go up by double digits over night.
What I'm not hearing from the bears is 'what' is going to cause this capitulation if employment numbers stay relatively level?
