"The lessons are these. Chinese economic growth is a major input into any assessment of business conditions in Australia. The main influences on our shares and bonds are what’s happening in the relevant markets in the US. Our cash rate is unlikely to be affected by the US cash rate, making changes in that spread an important influence on the Australian dollar. And the view that our house prices must collapse, as happened in the US, is seriously misplaced."
http://www.theaustralian.com.au/business/opinion/cash-house-prices-lean-on-local-factors/story-e6frg9if-1226850740596#
no price crash in australia
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