Did you see this video piece on Lateline during the week Robbo?
Economist Gerard Minack warns Australian house prices could fall by 50 per cent
Australian Broadcasting Corporation
Broadcast: 18/03/2008
Reporter: Tony Jones
According to Morgan Stanley economist Gerard Minack, the impact of a US recession may cause the housing bubble to be punctured.
http://www.abc.net.au/reslib/200803/r233769_937408.asx
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