Seriously property is coming of yes. Of course property goes through its bear periods and the current downturn doesn't mean the more extreme views of 20%+ price reduction has come to fruition.
Personally I believe we will see at least 20% in the next 5 or so years and much more if the US debt crisis unfolds or China goes through a serious correction .... and yes bulls I do in fact have every right to state that.
No question that Australian property is in a bubble, we got to be the only country in the world where it hasn't seriously corrected yet.
