the reason the bubble won't burst

http://www.abc.net.au/unleashed/3726692.html read now

"OK - So our economy has grown faster than nearly all others (certainly faster than all developed countries), our household income has grown faster than nearly all others (including our poor having income growth higher than everyone else's rich), we have the highest minimum wages in the world and the third lowest debt in the OECD.

But "what about the taxes" I hear the sceptics say. "We have great big new taxes on everything!"

Well let's have a look at tax as a percentage of GDP for OECD nations:

We are pretty much the definition of a low-tax country.

So our economy has grown faster than nearly all others (certainly faster than all developed countries), our household income has grown faster than nearly all others (including our poor having income growth higher than everyone else's rich), we have the highest minimum wages in the world, the third lowest debt and the 6th lowest taxes in the OECD.

Now let's talk about wealth - not income, which we've mostly looked at so far, but wealth - the value of our accumulated assets - housing, super, savings etc etc. Here, we're going to use the The Credit Suisse 2011 Global Wealth Report.

Not only did this find that Australia has the second highest average wealth in the world at $US397,000 per adult (with Switzerland ranked first), but we have the highest median wealth in the world - the wealth of the middleth adult in Australia - coming in at $US222,000.
"

this equates to steadfast and staunch future for property. Sure it may be flat. But it isn't going to drop 40-50% from where it is now.

In fact I'm willing to be the market cap of GCN that in 10 years it'll grow 40-50 %

sorry to put the horns in the bears bottom