Another point to ponder is this. A while ago we were all told that the demand for oil was out stripping supply. Oil subsequently rose. Now demand has reduced and oil is dropping. The point is this. Don't believe everything you read. Australia had one of the most expensive property markets in the world. The rest of the world is dropping, and so will Australia. You read that there is an under supply of housing, but immigration levels are falling. Interest rates are falling because the economy is slowly crashing. If you haven't got a job even if interest rates are low you cannot get a house. As investors sell off there houses, and interest rates fall to 2% there will be more housing than demand.
