Things are not confused in the property market. The property market consists of different sectors. Big developers, new housing, commercial and existing residential. It is not unusual to have one sector performing well and others strugling only in a boom do all sectors fly. If you look at the sectors, many developers such as Mirvac etc bought the land and started their projects five years ago. They bought at the top and are now selling into weakness so they will struggle and smaller mobs will go bankrupt. New housing construction is in the doldrums for lots of reasons. With existing house prices in the outer suburbs being flat for years it is much smarter to buy an existing established property. Existing resedential housing which is the sector that most here on HC are in is starting to recover. Buyers are coming back and activity is increasing and some areas are having price increases. The every day bread and butter housing is doing well and no amount of talking down, dreaming or making stupid chants such as it is broken, will stop the momentum of the market.
