plenty of homes hit market, page-5

remember this........all long term trends start off slowly and finish off slowly. The middle part has the most acceleration. Australian housing has come off its highs, and the bubble has well and truly burst. It would be good for it to only fall only 10 to 20%, because if it fell any further then the whole economy could well go under big time. But what we're seeing now is a slow change in people's attititudes. The average punter still thinks a $500,000 home will be worth 1 million in 10 years time. The average investor knows differently. Bit by bit, more people will see the we've all been dupped by 'the system', which has made housing speculators very rich and the average first generation home buyers feel very poor. It really is a mess and for Australia's sake the economy cannot afford for housing prices to fall too far or we will all suffer, regardless of whether you own a home or not.