sharewealth i agree that the demand is there but the illusion of the supply having anything to do with it is just incorrect...
and one thing that is for certain, the hole "property prices in australia will always go up" is clearly well fortified in the minds of all those that became millionaires over a decade and that "HOPE" that was then instilled on their kids which are also "ALL IN"
its quite simple really, sentiment holds sway in this day and age...when you have a serious CONFLICT OF INTEREST by the likes of those in the media that would be the ones that would break the story...well there isn't much hope really and all your ever fed is what YOU WANT TO HEAR
Lets play poker
People are that tightly bound by their mortgage repayments that the slight wiser of interest rate changes has them sleepless...let me help clarify...the problem child of this bubble is not the old but rather the First Home Owners Grant generation...
it seems that when the gov increased the FHOG, everyone thought they had the "NUTS" ( poker term which means an unbeatable hand) so they all kept on going ALL IN...
the humour is theres only ever one winner at the casino and that is THE CASINO.. australias economy has survived because of the mining boom but our incompetent state governments have also survived because of the huge influx of tax revenue from purchasing and selling of new homes.....
the PONZI is a dead ended model, it can only run so far
