It has much more room to fall, i think it is only the begining ( IMO)
Looking at europe , japan, US - hard to believe we will be different
Friend of mine just bought nice two bedroom in downtown Chicago 90sq.m. for 290k
Another one wants to buy few houses in Arizona for 50-70k each; ( used to be 250k - he said)
European friends tell prices are comming down in the last 2 years ( 20-30%)
Nobody has a cristall ball but Australain prices are not sustainable for economy.
at the end of the day we want to have a stable life and ever increasing ( or unafordable ) prices robs many people(nations) of opportunity to advance ( education, travel, R&D , jobs )
