30 to 50% down in australia, page-135

Back to the article.

"Bubbles ultimately peak when the people buying can't afford to buy it," Mr Dent said.

Well, anecdotally these cashed up chinese buyers are paying cash. Banks are applying lending standards making sure the other buyers can only borrow what they can afford. Not a big problem in AU with subprime mortages, but Dent might not know this…..

If property keeps going up at the rate we had this month,
(http://www.theage.com.au/business/the-economy/sydney-melbourne-house-prices-lead-strong-growth-in-january-20140203-31w0u.html), a 10% fall late this year brings you just back to the purchasing price even for today's buyers and everyone will be still in positive equity...