I can't help but notice over the last couple of months the climbing number of property articles in the mainstream press that are painting a more gloomy picture of the Australian Property Market. The same mainstream media who's articles have for the last several years have hardly even contemplated the thought that property could go down in price.
I know for property bears who have been discussing the oncoming falls/stagnation for several years, this may all seem like yesterdays news, but the impact these negative articles can have on consumer/investor confidence cannot be underestimated.
Regardless of if you believe property is a solid investment or not its the fear that these articles will drive into Australians that will be the compounding effect on accelerating price falls. Just like a good ol fashioned bank run, as more and more investors head for the exits the shaky foundations of this 16 year bull run built on cheap credit and negative gearing will collapse upon itself.
