Bond price movements closely correlate property price movements, and a quick glance at bond prices suggests the property bull market will continue. Picking the top of the market is for fools.
Property is outpacing cash and all other asset classes, the primary reason is interest rates are low and consumer spending maintains its vibrancy.
I am cautious of the employment factor and whether it is on the brink of collapse that 'may' bring the property market down with it.
If the Australian property market resembles anything like the Japanese markets then household debt in conjunction with the employment numbers will be critical moving foward, me thinks.
