Really don't give you know what about either of their opinions!
Historically what concerns me is when all the experts come out of the woodwork as they did in early 90's warning that property had its day, there was negative equity, we had come off 18% interest rates, must have been the best of times according to many economist ludicrous prognostications, rates are heading down , all doom and gloom, banks strong and willing to lend , then it is the time to start looking. Garnaut is an expert on everything, and quite frankly thanks to others of his ilk we have a carbon tax, Murray is just a banker so why should I trust him anymore than the others.
If you own real estate, actually can afford a deposit, pay more than $100 a week for a humpy then you have credibility on the PROPERTY forum. All you can do is gloat doom and gloom and wait for the drop. It appears you will have to keep waiting .
