20 to 25 per cent decline in residential house, page-8

The sooner property prices move into decline the better and I hope it turns out to be a significant decline , I am sick of the property spruikers constantly outlining their interpretatation on how far prices are set to rise and how undervalued certain sections of the market are . You just have to pick up a copy of the herald sun and there they are attempting to rationalize a sustained 10% increase capped over the next ten years with little or no technical or objective reasoning . Now we are experiencing a fundamental shift in attitude in line with what is occuring in the US property mkt and perhaps the Aust sector might not be as immune as many pundits suspect .
Peerpetually bullish property editors and greedy real estate agents prepare to pull your head in because I hope the decline is swift and sharp . property is overpriced but thats just my opinion .