30 to 50% down in australia, page-27

yep if your looking long term real estate is the way to go. People will always want to live/migrate towards the big cities ie Sydney,Melbourne,Brisbane,Perth. Whats been driving up the prices has been the buying from offshore like the Chinese. But unless people start moving away from these big cities I don't see the property market ever falling off a cliff. Keeping in mind Australias population is tipped to double in the next 50 years or so and guess where most of these people will choose to live.