@street talk: Ask Terry Smart from JB Hi Fi if property prices are his biggest concern. He will tell you that he is yin to get suppliers to take a hit and pass on reductions. JB recently started selling cameras through grey imports cause they could buy them cheaper in hong kong.
The exchange rate would have a far far bigger impact on prices too.
http://www.dailyreckoning.com.au/why-is-australia-so-expensive/2012/02/10/
House prices still boomed when exchange rates were low so your arguement isn't really an arguement at all.
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