Pete it depends on what you see as a crash or just going down. Sydney market has gone up some 50% in the last 3-5 years. I think we will see it begin going down slowly then speed up when interest rates start climbing which they already are by the banks. Sydney and Melbourne might see 10-15% drop over 2-3 years which isn't all that much considering and Brisbane 5-7%. Units and town homes in each city will drag the rest of the market down. But I do not believe we will see a crash by all means.
HML Price at posting:
$1.94 Sentiment: Buy Disclosure: Held
