I read a news report today that the International Monetary Fund thinks Australian house prices are mildly overvalued and that there is a potential correction on the way.
It sounds fairly non-commital to me. There is 'potential' that it 'could' happen. I am not convinced. My instinct is sideways movement, which may be the coded message in the IMF comments (I haven't seen the full report). One thing for sure is that there is no real concern of a bubble bursting.
This is the article I came across – http://www.businessspectator.com.au/bs.nsf/Article/IMF-housing-market-pd20101007-9YUFG?opendocument&src=rss
itsandrew
Go as far as you can see and you will see further.
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