from the vendors to the banks and all in between ie. real estate agents, conveyancors, builders, architects, engineers, assessors, valuers, certifiers, local governments, cleaners, brokers, photographers, news papers, auctioneers, gardeners, state governments, insurers, fed goverment, web advertisers etc etc etc
you're assuming all vendors are taking profits at the moment - even if they are their profits will be pumped into somewhere else that wouldn't mind keeping the recession at bay.
i think that was the idea behind stimulating the property market with a fhog in the first place.
