"so another year or two goes by with falling prices eventually it will be reported that we have a 15% drop from the peak perhaps reinforcing in the mind of buyers to wait just a little bit more"
Expect a decade of house price decline.... The bigger the bubble the bigger the bust...
IMO Australia property is unlikely to crash... More likely to grind lower year on year...
Although the election next year may see stimulus head into the property sector as always....
