im tipping a correction but there are some important facts.
* things that may stall/slow house prices sliding: Immigration Levels over the next few years (1 million over 3 years most will call sydney and melbourne home) Vacany Rates (very low in sydney under 2%) New housing contruction levels Improved Home owners grant (will fuel the fire for a little while) lower interest rates
*things which will correct the housing prices: Continued negativity on the market Recession
I really think that Australia will have to be in a recession to see the house prices in Sydney and Melbourne correct.
