I agree with this in the September 2008 "Your Investment Property" magazine the cover story article headline was "Bracing for the mother of all housing boom". In essence the article said that the market will increase in 2009, 2010 and 2011 being the peak.

Paul Braddick, head of financial systems analysis, ANZ who featured in the article expects the first signs of strong growth to come as early as 2009 through 2010, with momentum continuing into 20011, underpinned by rising rents and improving credit conditions. "By the end of 2009 and into 2010, we're going to see significant cut in interest rates and that's what we think will be the trigger for things to turn up again." he says.

Braddick says investors will drive the next upturn. "over the next six to 12 months, prices won't move much. But with rents rising 15-20% over the past 12 months, you're going to see yields increase quite significantly. When this is combined with the expected fall in interest rates, it should be enough to trigger investor interest back into the market, because there's very little risk in investing in the residential property market compared to other classes, like equities, at the moment."

I think it is going to be exciting times! An believe the next 12 months could be a great time to buy.

Shellharbour Real Estate