rba warning for homebuyers, page-14

Another thing to note too

Ask yourself why did the government recently agree to back deposits in bank accounts up to $250K

Right Here Folks:
http://www.guaranteescheme.gov.au/qa/deposits.html#3


Only reason they would do this is because they dont want people pulling their money out to protect it when house prices crash (incase the bank goes bankrupt) as that will screw the banks even harder drying up their liquidity.

It's coming.. just a matter of when. thats why the head of the RBA said -

"I think it is a mistake to assume that a riskless, easy guaranteed way to prosperity is just to be leveraged up into property. It isn't going to be that easy"

I really think its close now with these chinese defaults its going to be the pin that pricks this bubble..