To me, the primary issue to make predictions re: Australian...

To me, the primary issue to make predictions re: Australian property in 2012 depends on what you make of the news starting to come out of China. Some examples below:


http://www.bloomberg.com/news/2011-12-18/china-debts-dwarf-official-data-with-too-big-to-complete-alarms.html

http://www.bloomberg.com/news/2011-12-19/sanya-home-bubble-pops-as-property-curbs-deflate-prices-in-china-s-hawaii.html

http://www.telegraph.co.uk/finance/china-business/8957289/Chinas-epic-hangover-begins.html

http://www.theaustralian.com.au/business/wall-street-journal/china-property-prices-cool-further-in-november/story-fnay3ubk-1226225433385

http://news.xinhuanet.com/english/china/2011-12/14/c_131305858.htm

http://www.marketwatch.com/story/china-governments-in-hole-as-land-sales-plummet-2011-12-19

http://www.latimes.com/business/la-fi-china-housing-bubble-20111213,0,3429813.story