I can't see falls of 50% either .. but i really do think 20%...

I can't see falls of 50% either .. but i really do think 20% even 30% is on the books.

The reason I think that is in Glen Waverley for instance a friend recently told me the value of his house has doubled in the last 3 years - which he himself found ridiculous.

The house is 50 years old .. yet for 47 of those years it has inched its way to say $350,000 and in the very last 3 years it has suddenly shot up 100% to say $700,000.

That's like a small linear rise suddenly going hyperbolic - which must be an extreme anomaly.

Immigration hasn't suddenly started .. we've had immigration and population growth for years .. but interest rates have certainly gone up recently.