tsunami' to hit australian real estate

http://www.adelaidenow.com.au/news/breaking-news/tsunami-to-hit-australian-real-estate/story-e6frea73-1226134184169

"AUSTRALIA'S love affair with property is about to turn sour as an "economic tsunami'' looks set to hit world markets, American economic forecaster Harry Dent says."

I like this bit :

""People in places like Sydney or Tokyo or Miami say, 'Hey, real estate can never go down here, we're a great place, everyone wants to move here, there's not much land for development', and what I say is that is exactly the kind of place that bubbles,'' Mr Dent said."