Six weeks from a housing collapse

http://www.news.com.au/finance/econ...s/news-story/866d2fdee41b1227ce654f66ed8d9837

Real estate: Property price crash ‘six weeks’ away, US report warns
The piece quotes a “leading Australian property source” warning that by cutting off the foreign buyer sector completely, “it is much more likely to be a self-fulfilling prophesy by depressing demand, creating oversupply and putting downward pressure on prices, thereby creating paper losses at the settlement date which would tempt buyers to walk away”.