If people can look back to 2000-2002, eceonomists were ranting about a bubble burst as the debt level was high and affordability was high.
Well we are now in 2008 and the only thing that has happened is an increase in affordabilit, an increase in bubble burst ranting and a decrease in rental availability.
I'd say it makes for interesting times.
My view is that there will be a slowdown and possible selling on low volume. Property value will still hold well within 15km's from CBD's. Mining states are still in early maturity of the boom and will still yield great returns.
As negative as news headings can be, not all facts and figures are taken into account. Don't always believe what you hear!
