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No need to fear house price dive, says Reserve

Discussion in 'Real Estate' started by Simon Hampel, 31st Oct, 2008.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    No need to fear house price dive, says Reserve - National - smh.com.au

     
  2. Chris C

    Chris C Well-Known Member

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    I find it had to believe the Australian housing bubble "burst" three years ago. I think he'd be closer to the mark if he said the housing bubble started "deflating" two years ago with slow growth with continued slow growth in the near future.
     
  3. crc_error

    crc_error The Rule of 72

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    yeh I dont see how it burst, prices largely went up in 2006/2007, they only remained flat, or went slightly down in the last 12 months.