the only thing that can slow down demise of property market would be a sudden return of confidence in Australian economy !
by its own citizens and consumers !
For that we would have to be convinced that china and india are embarking on another leg of their 'turbo-development' !
considering that they have no small task in converting themselves into 'consuming nations' and realising that europe and USA (the biggest 2 customers and spenders) are basket cases and getting deeper in the hole as we speak, it is hard to believe that anything like that is possible !
our own RBA has told you: that is not happening! here's 50 drop !
and also we would not be wise to ignore tightening lending standards (which also means few less fools that would venture into buying a property as well)
so...less reason to buy and less fools to entrap !
outcome should be fairly easy to predict: timbeeeeer !
and sooner the better! cant wait to hear a "thump!"
