I will freely admit that there is a housing bubble in Australia, but at this point it does not seem it will burst, IMO not for the next 3 - 5 years in the least. stujacks88
It is happening as we speak. They had a housing shortage in the UK a few years back and house prices still crashed. If interest rates keep going up, people can't afford to buy and a lot of owners will have to sell. Shortage or not, if you can't afford to buy, the banks won't give you the money to buy. During times of rising house prices they do as they are protected, but not when they fall. imo My guess is 25% down the next three years. Government might try to prop them up before the next election though.
