There are few here that really understand property.
From the early 1990's property has been on a massive uptrend never seen before in our history.
That means, that most people aged 45 and under don't have experience of a property price decline.
Throughout this period interest rates have been low which has enabled purchasers to take out big mortgages for the purpose of participating in the property boom.
Property will hold up ok in regions where mining investment is being made.
But, in the rust belts of Victoria and NSW you will witness more and more job losses together with more and more exiles to regions in Australia that welcome workers.
If you've never considered moving to WA or the NT or Qld then now is the time to start giving this move serious consideration.
