All based on his interpretation of a trend line.
Contradicts himself with the impact of the resources boom. This adds a totally different dimension to the trendline. May be a small decline in median prices and flat values for a few years - at least based on past patterns.
Opinions abound but the reality still is a house is someones home, has gone down marginally, compare that to other asset classes and its just too far in front.
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- Property
- 20 to 25 per cent decline in residential house