Hi Trent Sounds good in theory, but as hard as I try I can't see how these factors would impact on Brisbane (or any other Australian city) any differently than they would on any other global metropolis. The undersupply argument has failed to save every other (foreign) housing market, and many of their peak valuations fell way short of our current (over)valuations. And now that we also know there are just as many low-doc/no-doc loans held by Australian mortgage holders (as a %age) as there were anywhere else, I'd suggest we're heading in exactly the same direction that they've gone.
