I forwarded that article to a friend (one of those nervous bulls...

I forwarded that article to a friend (one of those nervous bulls who bought at the absolute top)

"MELBOURNE'S property market is likely to remain in the doldrums for the next 10 years."

And his response......


"all we are seeing is a softening in the market following unprecedented growth.......had to slow down at some point

the drops in the top end of town are messing with the real figures in Melbourne, middle road real estate is still quite strong

wow no big crash....can it be!!!!!!

however, within 12 months the idiots will again be out in force trying to live the Australian dream of property ownership

Australian's don't buy property on logic, they buy it because they've been brainwashed into believing it's their right.

what will change is that the young will focus on apartments and units which is more consistent with their lifestyle and budget, perfect time to be a developer IMO.

damn, must be upsetting a lot of people not having a property crash............"


So there you have it, no shortage of greater fools with ever increasing purchasing power, just wait a bit longer and prices will be forced up again to new levels of extreme unaffordability, so you better get out there and buy everyone before its too late