Interesting article, the part of it that really holds true for me is -
'But Australia, the lucky country, avoided the bust. After all, as property types will tell you, even if they don’t know how exactly, Australia is different.'
Perhaps selective perception but I've noticed these buyers agents/property spruikers/property specialists (I call them used house salesman, they are nothing more) have turned up everywhere all singing this same tune. I agree with the article, I wonder how many of them could advise why Aus is different and why property couldn't fall or level out for several yrs.
