Does not look like burst is coming in any immidiate future, unstable – yes. It's actually been unstable since 2006 (start of this thread)

Australia been great in supporting realestate value, I think it should concentrate on manufacturing/bussiness instead. Will be better in the long run.

So, we just had ficially one month of negative RE value growth? Glitch or cooling down?

Love to hear some first hand stories, especially from those who lived long enough to accumulate long trend knowledge.
I guess, one can reason that gold/silver investment can be no different to property investing as it comes in cycles….

http://www.news.com.au/money/property/house-price-growth-slowing-at-last-data/story-e6frfmd0-1225859802095
Extract:
AFTER a year of surging prices, the pace of growth is finally easing, with the country's median house price rising 3 per cent in the March quarter — down from nearly 5 per cent growth in the previous three months.

Well, well it's been 3+ years for this thread
Three years of unpredictable events, fears and hope for some

Anyone want to comment on what is coming/hapening? First crash did not effect mid-low range RE in Australia, we know this for a fact now, thanks to FHOG.
Now people talking about second wave (double dip) coming. Thinking logically, this should now correct mid-low RE prices in this round.
Will it happen?

Are you from Brisbane?

Same here. We been enjoying debt free living for over the year now, and searching to upgrade PPOR for couple of years.  To date, I came across 3-4 properties that interest me, price was good but not as low as we wanted. Top end is down a good 30% in Bayside Brisbane (comparing to 2007), I am aiming for another 20-25%.

Been straggling to find any +ve CF properties at low end (below 400K), like  D mentioned. Not many in Brisbane by the looks of thinks. And I like them to be close to me, so I can look after them.

Gradual hike in IR will be lovely. Many will welcome increase payout to savings in the bank account and low end of properties catching up with top end in the trend.  Economy, like any business, must be self sustainable. At the moment it is not, been poorly regulated .

I like to keep this thread alive. It is one of the oldest – early warning. I want to see if it will eventuate  and to what degree.

Some one from Austrade told me once:
Wealthy is when your expenses match profits; Rich is when profits exceed expenses. Anything else is a scale up or down.

Talking about where we heading, well how many people have idea of now much construction / infrastructure been going up in the middle east? Dubai alone been building more than whole Australia by many folds. Now all those guys just come to stall 6 months back. You better hold on to something when shock wave will make it thru the world financial system. It appers to take about 12 months, so  "D" may be right about outlook of the end of 2009.

Another one is China, slowing down now and if to come to halt will be a major issue.

My balanced outlook, not worse case scenario is that we will cope more pain for 12-24 months before we will bottom out for a llong time. People simply spent "future" money by means of borrowing, now economy needs time to catch up…

V.

Once you start getting this kind of discounted RE on the market, it will create chain reaction driving area prices down.  It also create shock waves among those who already sitting on the fence, scaring them and they do further mistakes due to emotional decisions.