Thanks for the replies... But was wondering what is going to cause that panic moment where everyone needs to run to the exit in a hurry. What's the upcoming catalyst - an interest rate rise or mass unemployment? What trigger/event would need to happen to cause either of these outcomes? My gut feel is that property prices will start to fall at some point, wages have been stagnant for too long, growth has been driven by increased debt, the stage is set imo - but it needs a trigger. Generally it would be interesting to compare long term charts of GDP vs housing debt vs house prices - both internationally and Australian... How much of the Australian housing price increase since the 80's is in line with GDP vs a debt driven bubble?
