housing survey, page-16

agree with you molonski,
worked in same office as a big developer once, he got hold of a load of land, formerly schools that kennett gave them, big downturn expected in the market, asked him what he would do, he said he takes his land out of the market until the market turns,,,,,,,most resonable people are like that, they can afford to hold on, until the market comes to them.
.......there will be cases like western sydney, people unemployed buying houses and paying double or triple its value at the top of the cycle had to come undone........

*** new bonus for the DYO Superfunds, they can buy residential property, with another family trust holding the mortgage.........so plenty of predators in this group will be ready to pounce if property does drop for a while....oh and ready to pounce anyway which ever way the market goes.........the overall longer term view is the market will recover......
'remember stocko on this forum selling his house in ???? 2000 reckoned he had picked the top, was renting while waiting for it to fall......of course it tripled after that, so he was probably out of the market for good......
and a load of money available from the over 60's taking their super without paying any tax now............where will they park it ????
me I have been paying the interest rate rises for past 3 years.......and could fall in a hole if all the holocast scenarios were to happen......but am geared to only 50% in resi and 25% in commercial props.........
hindsight is a wonderful thing...........like alan greenspan used for years..........it can give you the lead to where its going long term.........short term is different
cheers