confidence in oz property reaches historic hi, page-7

This was from the respected source, Westpac/Melb Inst (RBA use this)
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Expectations that house prices will continue to rise remain. In the latest survey of consumers, 59.2 per cent of respondents expect house prices to rise by between 010 per cent and about 23.9 percent expect prices to rise by more than 10 per cent over the next twelve months.

= 83% expecting rises


There is also the time to buy a dwelling index which has been falling each month since Jan 2010.

More Expecting price rises, but more finding it's NOT time to buy a dwelling... that's an interesting divergence !!